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Greek economic sentiment for May at highest point since August 2008
EconomyMacroeconomyGreece’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
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Greek trade deficit up by 21.9 pct in May as exports sink further
EconomyMacroeconomyThe 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
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Improving car sales in Greece continue with 27.9 pct rise in May
EconomyMacroeconomystrong 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
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Greek deposit rate almost stable, loan rate slightly up in May
EconomyMacroeconomymonth 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
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Sharp drop of 4.2 pct in Greek industrial turnover in May
EconomyMacroeconomyThe 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
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Building activity up again in May but with smaller rise of 1.9 pct
EconomyMacroeconomyGreek building permits grew for the fourth successive month in May, albeit by a modest 1.9 percent from 6.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT). The May growth.... The other components of building activity showed mixed trends in May with surface easing by 2.7 percent
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Portuguese election: Where those who lost may decide
Agorato pursue the path of reforms,” may have got the impression that everything will continue exactly the same. In fact, that may well happen. Or maybe not? The first change we should acknowledge... last year and made a “clean exit” from the bailout may help to explain it. Moreover, economic activity
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PMI drops to 48.4 in May, new orders down at sharpest pace in 8 months
EconomyMacroeconomyGreece’s Manufacturing PMI fell by 1.3 points to 48.4 in May after rising in the preceding two months, the Markit survey showed on Wednesday. The headline figure for May remains below the 50-point... for Greek manufacturers. Markit noted that the worsening in May largely reflects a solid drop in new
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Car sales surge for second straight month, rising by 33 pct in May
EconomyMacroeconomyin May following a strong rise of 24.5 percent in April, according to Hellenic Statistical Authority (ELSTAT) data published on Wednesday. The absolute figure reached 17,290 in May, which is the highest... to the extension until the end of May of the deadline for the benefit from old car withdrawal
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Minor changes in Greek deposit and lending interest rates in May
EconomyMacroeconomyGreek households’ new time deposit rate slightly eased for the fifth straight month in May, when...) data displayed on Tuesday. The headline figure for May represents a new low since Greece entered.... The interest rate for loans to sole proprietors declined by 4 bps to 7.35 percent in May after
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