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Unemployment dips to 11.8 pct in Sep for lowest rate since 2010
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained broadly stable in September, dropping to 11.8 percent, from 12.1 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In September last year, the unemployment ra...
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Sep trade deficit of 3.61 bln largest since 2010, 9M gap up by 62 pct
EconomyMacroeconomyGreece’s trade deficit jumped in September by 70.4 percent year-on-year (YoY), after a rise of 29.9 percent in August, according to data released by ELSTAT on Monday. The deficit came to 3.61 billion euros for September. Imports totalled 8.33 billion eu...
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Industrial production back in negative territory for Sep as electricity supply drops sharply
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) dropped into negative territory in September, falling by 1.1 percent year-on-year (YoY), after growing by 4.4 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on...
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Import price index up by 24.2 pct in Sep, as energy rises 48.6 pct
EconomyMacroeconomyGreece’s import price index slowed down its pace in September, rising by 24.2 percent year-on-year (YoY), from 32 percent in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. The index peaked in April with a 3...
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Industrial turnover grows by 23.5 pct in Sep for lowest rise since end-2022
EconomyMacroeconomyGreece’s industrial turnover remained on a solid growth path in September, rising by 23.5 percent year-on-year (YoY), though significantly slowing from the growth of 42 percent in August, according to data released by the Hellenic Statistical Authority ...
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Travel balance of 14.13 bln to Sep beats 2019 record
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 2.67 billion euros in September, from a 3.83-billion-euro surplus in August, according to Bank of Greece (BoG) data released on Tuesday. September’s balance was significantly higher than the 1.98 billion eur...
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Inflation drives up retail sales by 10.5 pct in Sep, but MoM sees 0.6 pct drop
EconomyMacroeconomyThe growth in Greece’s retail sales dropped pace in September, rising by 10.5 percent year-on-year (YoY), after an upwards revised 15 percent rise in August, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The corresponding volume inde...
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Scope Ratings second to give Greece investment grade as attention turns to key players from Sep
EconomyAfter the R&I rating agency of Japan, it was Scope Ratings from Germany on Friday that moved Greece up by one notch to ‘BBB-‘, which is within the investment grade category, with a stable outlook, although both of the agencies are not part of the four a...
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Weak demand and adverse weather reflected in Sep PMI, barely in expansion territory
EconomyMacroeconomyGreece’s Manufacturing PMI remained in expansion territory in September, although it fell significantly to 50.3 points, from 52.9 points in August, according to S&P Global data released on Monday. This was the eighth straight month during which the cond...
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CPI rise eases to 1.6 pct in Sep, but food up by 9.4 pct
EconomyMacroeconomyThe upward trend in Greece’s Consumer Price Index (CPI) reversed in September with a 1.6-pct rise year-on-year (YoY), after an increase of 2.7 pct in August, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT). The a...
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