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  1. OECD report paints grim picture for Greece's labour market
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    , following a 4.8 percent drop in 2012, 8.8 percent in 2011 and 6.9 percent in 2010. Except 2012... an economic adjustment program, Spain also showed a drop in each of the 4-year period ranging from -1.1 to -2.5 percent, while the respective drop in Ireland stood at slightly higher levels, between

    5%

  2. ELSTAT survey finds 2013 household budgets devastated, inequality persists
    Photo by Harry van Versendaal

    Society

    expenditure by sub-categories revealed that the highest YoY drop in 2013 was posted in liquid fuels (-17.56... drop. On the flipside, expenditure for medicines (+5.11 euros), cafes (+3.68 euros) and tobacco (+3.4... consumption showed a slight increase of 1.2 percent and natural gas a drop of 3.2 percent. In addition

    5%

  3. Slight uptick in October for Greek PMI, which remains in contraction

    EconomyMacroeconomy

    decreased in October with production posting a drop, albeit marginal, for the third time in the last... to September. The survey also indicated a sharp drop in stocks of purchases, while stocks of finished... and a further drop in manufacturers’ charges. The movement in purchase prices reversed a marginal drop

    5%

  4. Greek industrial production drops for eighth straight month but at slower rate

    EconomyMacroeconomy

    in October, when it fell at a slower pace of 0.7 percent after a downward revised 4.9 percent drop... for the 10-month period displayed the drop in industrial production slightly decelerated to 3.1 percent, from 3.4 percent in the 9-month period, mainly reflecting a continued double-digit drop in electricity

    5%

  5. Greek trade deficit drops by larger rate of 27.2 pct in Feb

    EconomyMacroeconomy

    attributed to a 14.6 percent drop in imports, while exports showed a much slower decline at -2.7... lower than the 16.3 percent drop recorded in January. In absolute terms, imports amounted to 3.45... percent, while imports retreated by 6.7 percent resulting in a slower drop of trade deficit to -22 percent

    5%

  6. Unemployment rate eases to 25.4 pct in Feb, as number of unemployed falls
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    percent in February from 1.2 percent in January and an increased rate of drop in the number of jobless... percent in February. The jobless rate among women showed a slower drop by 1.6 pp YoY to 29.1 percent... (25-34 years) and (35-44 years) also showed a marked drop by almost 5 pp to 31.3 percent and by 2.5 pp

    5%

  7. Current account surplus widens to 838 mln in Sept on shrinking goods deficit

    EconomyMacroeconomy

    a higher drop in imports (-22.8 percent) compared to that of exports (-14.7 percent) amid capital... of 22.2 percent in the goods deficit in the 9-month period is attributed to a larger drop... in the 9-month period largely reflects a drop in net transport receipts, while travel receipts improved

    5%

  8. Current account deficit more than halves to 708 mln in March

    EconomyMacroeconomy

    offset a drop in the services surplus by 124 million. The breakdown showed the decline in the goods... slightly improved. Meanwhile, the drop in the services’ surplus is mostly attributed to a sharp decline.... The year-on-year improvement in Q1 stems from a notable drop in the goods’ deficit by 870 million

    5%

  9. ATHEX net profits down 54 percent in Q1 2016
    Photo via www.helex.com

    Economy

    unease that caused a 57 percent drop in net consolidated profits compared to 2014. The turnover... the drop in the group’s consolidated revenue were cited as the drop in both trading activity... 20 percent drop). Market liquidity, as measured by turnover velocity, went down to 45.8 percent

    5%

  10. PMI drops to 48.4 in May, new orders down at sharpest pace in 8 months

    EconomyMacroeconomy

    for Greek manufacturers. Markit noted that the worsening in May largely reflects a solid drop in new order intakes, a drop in output and job shedding. In specific, the survey showed that the rate of drop... sector started to shed jobs after creating them in the two previous months. The drop in the workforce

    5%