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  1. Authorities turn focus back to Covid-19 compliance as latest numbers trigger concern

    PoliticsGreek Politics

    data and the Independent Authority for Public Revenue in cooperation with banks will assess

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  2. PMI drops to 46.8 points in July amid Covid-19 uncertainty
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    Greece’s manufacturing PMI decreased to 48.6 points in July from 49.4 points in June, according to the latest data from Markit PMI. The latest reading reverses the trend of a gradual recovery seen after April’s historic low, though the deterioration was muted. The faster overall decline largely

    2%

  3. Banks step up securitisation drive following pandemic interruption

    EconomyBanking

    to the latest Bank of Greece data presented in the financial stability report last month, NPEs in the end

    2%

  4. Trade deficit falls by 10.3 pct in June
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    Greece’s trade deficit fell by 10.3 percent year-on-year (YoY) in June compared to a drop of 47.7 percent in May, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed. The deficit came to 1.41 billion euros for the month. Imports totalled 3.96 billion euros, showing

    2%

  5. CPI falls by 1.8 pct YoY in July
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    is now at its lowest rate since July 2015 when it fell by -2.2 percent. The data showed that the core

    2%

  6. Industrial production down by 4.9 pct YoY in May but picks up from previous month
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) decreased by 4.9 percent year-on-year (YoY) in June, compared to a slightly downward revised drop of 7.8 percent year-on-year (YoY) in May, Hellenic Statistical Authority (ELSTAT) data revealed on Friday. Month-on-month (MoM), the index rose strongly

    2%

  7. Hirings balance positive by almost 70,000 in July, reflecting late summer season openings
    Photo by MacroPolis

    EconomyMacroeconomy

    The employment balance was positive by 67,911 more hirings than firings in July, according to data released on Friday by the Labour Ministry’s Ergani information system. In the same month last year, there were 14,691 more firings, leading to a negative balance. It should be noted that due

    2%

  8. Decline in car sales continues with 14 pct YoY fall during July
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time dropped by 14 percent year-on-year in July, following a 24.7 percent drop in June and a sharp decline of 49.1 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. In July 2019, there was a 25.3 percent year

    2%

  9. Construction slides again in May with fall of 8.7 pct YoY in building permits
    Photo by MacroPolis

    EconomyMacroeconomy

    Building permits continued their decline in May, falling by 8.7 percent, following a much sharper drop of 22.4 percent year-on-year (YoY) in April amidst the lockdown, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. The total number of permits came to 1,339, going

    2%

  10. Budget deficit balloons to 8.2 bln euros in July amid measures linked to pandemic
    Photo by MacroPolis

    EconomyMacroeconomy

    The budget primary balance widened substantially in July to 8.2 billion euros, from a deficit of 6.10 billion euros in the first six months of 2020, preliminary Finance Ministry (MoF) budget execution data showed on Wednesday. This means the primary deficit rose by 34 percent in just one month

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