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  1. Greece saw first annual deflation in almost half a century in 2013

    EconomyMacroeconomy

    The drop in Greece’s Consumer Price Index (CPI) decelerated to 1.7 percent in December after... as education are the two sectors mostly hit by deflation showing a drop ranging from 4.0 to 4.6 percent... and catering by 10 percentage points to 13 percent from 23 percent as of August 1 resulted in a drop

    5%

  2. Building activity posts first rise in 20 months but overall picture grim

    EconomyMacroeconomy

    to a sharp drop of 31.2 percent in permits. As expected, the bulk of total building activity (more... and the Ionian Islands, which experienced a drop of 53 and 49 percent respectively over the trailing.... Furthermore, the recorded drop in the Attica (Athens, Piraeus and suburbs) region, accounting

    5%

  3. Sales season pushes November retail volume to growth for the first time since March 2010

    Economy

    Retail sales turnover stayed flat year on year (yoy) in November following a 2.1 percent drop..., which posted a higher drop of 2.9 percent compared to October (-2 percent) and December (-1.7 percent... in the respective excise tax last year. The drop in retail sales throughout 2013 also stems from

    5%

  4. Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year

    EconomyMacroeconomy

    drop, according to provisional data published by the Hellenic Statistical Authority (ELSTAT... of the year), household consumption retreated 6 percent in 2013, leading to a 5.6 percent drop in total final consumption expenditure. There was a significant slowing in the drop in private

    5%

  5. As imports rise, Greek C/A balance flips back to deficit in May

    EconomyMacroeconomy

    stems from a double-digit increase (10.3 percent) in imports and a slight drop in exports (-1.5 percent... to 2.49 billion euros from 3.32 billion last year. However, the rate of C/A deficit drop continued... and a moderate drop in exports by 1 percent. According to the BoG, net payments for ship purchases

    5%

  6. Apartment prices see 22nd straight quarter of decline: Down 7.3 pct in Q2
    en_GB Photo by Harry van Versendaal

    EconomyMacroeconomy

    The drop in apartment prices in Greece decelerated for the fourth successive quarter to 7.3 percent... the peak of 102.2 posted in Q3 2008. The drop in transactions exceeds 90 percent over the past six... to the evolution of building activity, which posted a cumulative drop of 75 percent since 2008. The latest

    5%

  7. Greek PMI drops into contraction territory in September, falling to 48.4 points

    EconomyMacroeconomy

    contraction, suggests a deterioration of business conditions at the end of the third quarter. The drop... growth in August, production fell slightly in September. This was the second drop in the last three... the past four months. Lower purchasing activity also led to a drop in the stocks of purchases

    5%

  8. Greek disposable income continues its slide in Q2, reached 29 pct during crisis

    EconomyMacroeconomy

    ) of 2014 to 30.8 billion, according to the Hellenic Statistical Authority (ELSTAT). Q2 rate of drop.... The continued drop in disposable income mainly reflects a decline in the compensation of employees.... In contrast, property income showed a low single digit drop (-9.8 percent) over the past five

    5%

  9. Greeks exports down by 8.7 pct in September as imports rise by 7.4 pct

    Economy

    but the drop accelerated to 8.7 percent, according to the flash estimates of commercial transactions released... drop of 7.2 percent. In contrast, imports resumed an upward trend rising by 7.4 percent in September... months still points to a drop of 1.9 percent. The breakdown by region did not show any material deviation

    5%

  10. Greek economic sentiment and consumer confidence fall sharply in December

    EconomyMacroeconomy

    for December is the lowest reading since Apri, while the monthly change suggests the sharpest drop... in November. The recorded drop of 4 points indicates the second worst monthly movement year to date... gains of almost 23 points. Three of the other four business indicators also recorded a drop in December

    5%