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Drop in CPI accelerates to 0.7 pct in Jan
EconomyMacroeconomyFollowing a deceleration in the preceding three months, the fall in the Greek Consumer Price Index (CPI) accelerated to 0.7 percent in January from 0.2 percent in December, according to Hellenic Statistical Authority (ELSTAT) data that was published on ...
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Primary cash surplus of 386 mln in Jan from deficit last year
EconomyMacroeconomyGreece’s central government primary cash balance displayed a surplus of 386 million euros in January from deficit of 149 million last year, Bank of Greece (BoG) figures showed on Wednesday. A similar pattern was also evident in the net balance of the ce...
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Negative deposit flow of 1.12 bln in Jan
EconomyMacroeconomyAfter a short-lived positive flow of 2.65 billion euros in December, the Greek banking system recorded outflows of 1.12 billion in January, Bank of Greece (BoG) data displayed on Thursday. The absolute figures showed private sector deposits edged down t...
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Credit contraction edges up to 2.1 pct in Jan on deductions of 512 million
EconomyMacroeconomyGreek bank credit contraction slightly accelerated to 2.1 percent in January from 2 percent in December, Bank of Greece (BoG) figures displayed on Thursday. The net lending flow turned negative again with deductions of 512 million euros in January, afte...
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Eurosystem funding down by 1.4 bln in Jan due to lower reliance on ECB funding
EconomyMacroeconomyGreek banks’ Eurosystem funding fell for the seventh successive month, albeit at a slower pace, in January, when it declined by 1.42 billion following a drop of 5.89 billion in December, the Bank of Greece's (BoG) monthly financial statement displayed o...
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Time deposit rate almost flat in Jan, average loan rate falls 12 bps
EconomyMacroeconomyGreek households’ new time deposit rate remained broadly stable for the second straight month in January, when it eased marginally by 1 basis point (bp) to 1.01 percent in January, Bank of Greece (BoG) figures displayed on Wednesday. Since the impositio...
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Industrial production up by 4.6 pct in Jan
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) grew by 4.6 percent in January from 6.2 percent in December, Hellenic Statistical Authority (ELSTAT) data displayed on Friday. January was third successive month of growth and the headline figure represents the...
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Travel receipts fall 4.7 pct in Jan but surplus rises to 32.1 mln
EconomyMacroeconomyGreece's travel receipts dropped by 4.7 percent in January after rising by 12.2 pct in December, Bank of Greece (BoG) figures showed on Wednesday. In absolute terms, travel receipts landed at 161.1 million euros in January, while the corresponding payme...
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Retail sales down by 3.8 pct in Jan for eighth straight fall
EconomyMacroeconomyThe turnover of Greece’s retail trade index continued heading south for the eighth straight month in January, when it dropped at an accelerating pace of 3.8 percent after a marginal fall of 0.2 percent in December, Hellenic Statistical Agency (ELSTAT) f...
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Unemployment rate resumes upward trend to 24.4 pct in Jan
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate edged up to 24.4 percent in January from 24.3 percent in December, Hellenic Statistical Authority (ELSTAT) labour force survey showed on Thursday. The January headline figure represents the second lowe...
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