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PMI up to 48.2 in April as new orders fall again, but outlook for year remains positive
EconomyMacroeconomyGreece’s Manufacturing PMI rose by 1.5 points to 48.2 in April from 46.7 in March, Markit’s survey revealed on Tuesday. The April headline figure is the highest reading since December. It was also the eighth sub-50 reading. The latest downturn reflects ...
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Government stalls possible bond issue, clashes again with judiciary
PoliticsGreek PoliticsIt appears that plans for a trial bond issue have been shelved for the time being by the government. Press speculation last week pointed to a five-year note of around 4 billion euros being offered to investors this week. However, it appears the governme...
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Economic sentiment improves again in Aug, consumer confidence climbs by 4.5 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued in August its steady rise over the last three months as it edged up by 0.8 points although this was smaller than the 4.5-point increase in the previous month, European Commission (EC) figures revealed on Wedne...
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Unemployment falls again in August, edging down to 20.6 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate fell to 20.6 percent in August after a downward revised 20.9 percent in July, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. The headline figure brings the jobless rate to the same ...
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CPI rises again in November, at accelerating rate of 1.1 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) rose by 1.1 percent in November, accelerating from the 0.7 percent in October, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The prices index is about to close a full rolling year in positive territor...
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Football chairman's actions threaten to blow coalition off course again
PoliticsGreek PoliticsThe government was forced to put to one side on Monday the tension with Turkey and clashes with New Democracy as it was forced to act on the latest crisis with potentially serious political implications, which emanated from a rather unlikely source: Gre...
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Unemployment rate edged up again in Jan, reaching 18.5 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 18.5 percent in January, edging up from an upward revised rate of 18.4 percent in December, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. For the same month in 2018, the un...
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Unemployment edges down again in June, falling to 17 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate came to 17 percent in June from a downward revised rate of 17.1 percent in May, Hellenic Statistical Authority’s (ELSTAT) data showed on Thursday. For the same time last year, the unemployment rate cam...
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Development model questioned again amid reaction to luxury resort go-ahead
PoliticsGreek PoliticsThe construction of a large resort complex in Corfu on land ceded as part of Greece’s privatisation programme has ignited tension between the government and the local community. Meanwhile, questions have been raised about the benefit of privatisations t...
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Govt's management of Covid-19 response challenged again after latest measures, PM’s trip
PoliticsGreek PoliticsThe image of competence and sensible management of the coronavirus crisis which the Greek government has been trying to project since the early days of the crisis took a major hit over the past few days. New Democracy’s woes began with repeated and cont...
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