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Narrowing of trade deficit slows in November as exports fall 22.5 pct
EconomyMacroeconomyGreece’s trade deficit narrowed 2.4 percent to 1.54 billion euros in November, while the respective 11-month figure fell 12 percent to 17.86 billion, according to the Hellenic Statistical Authority (ELSTAT). The change to November shows a continued dece...
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March fall for Greek industrial turnover is ninth in 15 months
EconomyMacroeconomyAfter a temporary stall in February, the Turnover Index in Industry resumed a negative trend in March easing by 1.1 percent, according to the Hellenic Statistical Authority (ELSTAT). The February reading was revised from a marginal drop of 0.1 percent t...
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Greek trade deficit rises further in April as exports fall by 20.8 pct
EconomyMacroeconomyGreece’s trade deficit rose for the third straight month at an accelerating pace of 17.2 percent in April after increasing by 14.7 percent in March, according to the Hellenic Statistical Authority (ELSTAT). April’s performance led the 4-month trade defi...
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Decline in Greek CPI slows to 1.1 pct in June after sharper fall in May
EconomyMacroeconomyThe Consumer Price Index (CPI) fell 1.1 percent in June, decelerating from the 2 percent drop in May, the Hellenic Statistical Authority (ELSTAT) said on Wednesday. The monthly evolution shows the CPI rose 0.6 percent month on month, primarily attribute...
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Most Greeks saw income fall over last year, limiting purchasing power
SocietyThe results of a survey by the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE), which was published on July 17, highlighted how salary earners’ purchasing power has been limited. The survey, conducted in cooperation with Alco...
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Greece sees tourist arrivals rise 12.6 pct in May but spending fall 10.6 pct
EconomyThe rate of increase in Greece's travel receipts significantly decelerated to 0.8 percent in May from 35.8 percent in April, according to the Bank of Greece (BoG). In absolute terms this corresponds to receipts of 1.07 billion euros. Travel payments, me...
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Greek economic sentiment and consumer confidence fall in August
EconomyMacroeconomyGreece’s economic sentiment deteriorated for the second straight month, easing to 101.9 points in August from 102.6 in July, according to the European Commission (EC). The reading remains above the 100-point mark for the third successive month. Despite ...
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Rate of credit contraction rises to 3.7 pct in July, balances fall
EconomyMacroeconomyThe rate of drop in Greek credit to the private sector accelerated to 3.7 percent in July from 3.5 percent in June, according to the Bank of Greece (BoG). Balances fell to 213.86 billion euros in July from 214.81 billion a month ago. Monthly net deducti...
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Greek economic sentiment and consumer confidence fall for third month in a row
EconomyMacroeconomyGreece’s economic sentiment (ESI) decreased for the third successive month at an accelerating pace, falling to 99.3 in September from 102 in August, according to the European Commission (EC). The September reading is the first below the 100-point mark f...
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Greek time deposit rates fall further in August
EconomyMacroeconomyThe interest rate on households’ new time deposits dropped by a further 15 basis points (bps) to 2.13 percent in August, according to the Bank of Greece (BoG). The year to date decline, which occurred over the last five months, reached 68 bps. In the 8-...
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