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  1. Economic sentiment improves to 108 in May, consumer confidence also recovers by 4 pts
    Photo by MacroPolis

    EconomyMacroeconomy

    . The value of 114.6 reported in February this year was the highest of the series, but sentiment had... June last year, when the indicator stood at 108.7 points. The index hit its most recent low in May.... Consumer confidence was on a recovery path at the start of last year, however this trend started

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  2. Industrial production drops by 4.5 pct YoY in Apr as electricity supply falls by almost 30 pct MoM
    Photo via https://flic.kr/ps/Us79n

    EconomyMacroeconomy

    year-on-year (YoY), after rising by an upwards revised 8.1 percent in March, according to Hellenic... - was recorded in April 2021, mainly thanks to the low base effect of the first lockdown a year... last year, industry confidence is up by 3.8 points. In addition, Manufacturing PMI dropped by one point

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  3. Budget primary balance to May beats target by wide margin, taxes continue to outperform
    Photo by MacroPolis

    EconomyMacroeconomy

    euros, compared to a deficit of 8.14 billion euros in the same period last year, according... of the year. Expenditure, excluding interest payments and the public investment budget, came to 20.6..., the better performance of the previous year taxes collected in instalments until the end of February 2022

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  4. Industrial turnover grows 33.3 pct YoY in Apr, but manufacturing leads monthly drop
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s industrial turnover growth remained solid in April, rising by 33.3 percent year-on-year... (ELSTAT) on Monday. After more than one year of contraction, the index posted growth of 18.2 percent... is the lowest in more than one year, but still indicates solid operating conditions in the Greek

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  5. PBO urges continued fiscal discipline amid growing instability

    Economy

    last year. The PBO qualifies the buoyancy of the first quarter GDP performance, as there is a base effect on last year’s Q1, which shrunk by 1.7 pct due to the pandemic restrictions already being.... The conflict’s impact is expected to become evident in the second quarter of the year. On the flip side

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  6. BoG revises growth forecast down to 3.2 pct amid growing uncertainty
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    . According to the baseline estimate, private consumption is expected to grow this year, albeit at a weaker... freight market. The headline HICP is projected at 7.6 pct for this year, mostly due to energy and food..., the economy will only grow by 1.8 pct this year and 0.3 pct in 2023, before a strong 4.9 pct in 2024. BoG

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  7. High energy prices fuel uncertainty on fiscal front
    Photo by David Gibson via Flickr https://flic.kr/p/oATenb

    EconomyMacroeconomy

    of the year. However, the calculations were based on lower wholesale gas prices. At current prices... probable that funding will be required for another package in the last quarter of the year, meaning..., it is starting to capture major price shifts in food, up by 12 pct, and housing by 35 pct year

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  8. Industrial production on up again in May as manufacturing expansion triggers 3.2 pct rise
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    Greece’s Industrial Production Index (IPI) resumed its recovery in May, rising by 3.2 percent year-on-year (YoY), after a temporary pause in April when it dropped by 4.8 percent, according... the start of the year, but remains on the mend, with the most notable rise, of 22.7 percent, recorded

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  9. Budget primary balance in H1 beats target by 1.47 bln on back of improved tax haul
    Photo by MacroPolis

    EconomyMacroeconomy

    , compared to a deficit of 9.09 billion euros in the same period last year, according to the preliminary... by 1.47 billion euros against an anticipated deficit of 4.9 billion euros at this point of the year..., the better performance of the previous year taxes collected in instalments until the end of February

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  10. Newsletter 347 - 22/07/2022

    Newsletters

    . Last year’s blazes were a public relations blow for Prime Minister Kyriakos Mitsotakis and his... of the 10-year issue in January this year when it drew half a billion euros and a rather steep yield of 3.67... transactions since the start of the year when it became evident following the Ukraine conflict

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