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  1. Greek PMI up to 50.1 in August, employment and profitability still falling

    EconomyMacroeconomy

    the 50-point mark - which separates growth from contraction - since May. The factory output showed a solid rise in August, reversing the slight drop posted in the beginning of the third quarter... in July for the first time in the last nine months, August production rose at a solid pace

    8%

  2. Industrial production rises by 7.9 pct in Mar, driven by electricity supply

    EconomyMacroeconomy

    (MoM), the index also recovered by a solid 9.2 percent, from 7.7 percent rise in February. The annual movement in the index was led by a solid 26.8 percent rise in electricity supply and 4.3 percent... confidence fell by 6.1 points to 3.6. Since May last year, industry confidence is down by 2.2 points

    8%

  3. Aug PMI marks seventh month of improved manufacturing conditions, cost pressures resume
    Photo via https://flic.kr/p/vFAyry

    EconomyMacroeconomy

    points, after a solid rebound to 53.5 points in July, according to S&P Global data released on Friday... that the rate of the overall growth was the second fastest since May 2022 and it compares favourably with the long-term series average. The sector had another solid period of increase in new orders

    8%

  4. Despite slight moderation of PMI in Jan, manufacturing sentiment improves
    Photo via https://flic.kr/p/N3FV1

    EconomyMacroeconomy

    client demand, though material shortages limited gains. New orders remained solid, supported by both... since May 2024, as firms anticipated higher output due to planned machinery investments. Overall... data from the opening month of the new year signalled a solid improvement in operating conditions

    8%

  5. Return to bond markets to buoy coalition, may leave SYRIZA floundering
    Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    PoliticsGreek Politics

    the coalition's case heading into local and European Parliament elections in May. Since being... campaigning tool for May's polls. However, they will now pivot to the return to bond markets, outlining... ahead of the European elections on May 25, when New Democracy will be hoping to hold off SYRIZA's

    8%

  6. Greek economic sentiment for May at highest point since August 2008

    EconomyMacroeconomy

    Greece’s economic sentiment improved by 3.7 points to 99.1 in May, after falling by 2.1 points... points so far. The May figure is the highest reading since August 2008, when it stood at 101.4 points... for the third straight month, rising by 2.5 points in May to -52.5 following a 4.7-point increase

    8%

  7. Greek trade deficit up by 21.9 pct in May as exports sink further

    EconomyMacroeconomy

    The rate of increase in Greece’s trade deficit accelerated to 21.9 percent in May from 17.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT). May’s figure indicates.... After dropping 7.5 percent in April, imports resumed an upward trend rising by 2.8 percent in May

    8%

  8. Improving car sales in Greece continue with 27.9 pct rise in May
    Photo by MacroPolis

    EconomyMacroeconomy

    strong growth of 27.9 percent in May after surging by 47.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT). Despite the slowdown, the May rate is the fourth successive reading... figures showed the number of road motor cars stood at 13,000 in May, which is the highest reading

    8%

  9. Greek deposit rate almost stable, loan rate slightly up in May

    EconomyMacroeconomy

    month by 1 basis point (bp) to 1.81 percent in May from 1.82 percent in April, according... in May. On corporate lending, there were two marked movements: 1) A drop by 30 bps in loans for amounts.... Following the rate changes in May, Greek corporate lending rates remain 250-350 bps higher than

    8%

  10. Sharp drop of 4.2 pct in Greek industrial turnover in May

    EconomyMacroeconomy

    The drop in Greece’s Turnover Index in Industry accelerated to 4.2 percent in May from a revised 0.8 percent decline in April, according to the Hellenic Statistical Authority (ELSTAT). The May... smoothed the 12-month trailing rate. The decrease by 4.2 percent in May reflects a drop in manufacturing

    8%