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Unemployment rate drops below 10 pct in Oct for first time since Sep 2009
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped below 10 percent in October, landing at 9.6 percent, after a slightly upwards revision to 10.3 percent in September, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In October ...
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Retail sales rise by 3.3 pct in Sep, but falling volume reflects challenges
EconomyMacroeconomyGreece’s retail sales stayed in positive ground in September, with a rise of 3.3 percent year-on-year (YoY), after a 2.7-percent rise in August, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The corresponding volume index recorded a d...
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Building activity returns to growth in Sep, up 9 pct in 9M
EconomyMacroeconomyBuilding permits returned to growth in September, rising by 6.2 percent year-on-year (YoY), after a drop of 4 percent in August, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. Permits have been growing annually t...
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Sep CPI almost unchanged at 2.9 pct, food inflation rises above headline number again
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) was virtually unchanged in September with a rise of 2.9 percent year-on-year (YoY), after an increase of 3 percent in the previous month, according to the data released on Thursday by the Hellenic Statis...
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Led by sharp drop in purchases of new vehicles, car sales decline by 5.6 pct in Sep
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 4.4 percent year-on-year (YoY) in September, after a drop of 5.8 percent in August, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In September 2023, li...
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VAT and income tax boost revenues, budget underspend at 4.25 bln in Sep
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 8.74 billion euros in September, compared to a surplus of 5.3 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Frida...
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Boosted by corporations, Sep deposits reach highest since Apr 2011
EconomyMacroeconomyThe net private sector deposits in the Greek banking system remained in growth in September with a rise of 2.32 billion euros, after a 1.4-billion-euro rise in August, according to the latest Bank of Greece (BoG) figures released on Friday. The annual g...
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Energy drives producer prices down by 4.5 pct YoY in Sep, as all other categories rise
EconomyMacroeconomyGreece’s Producer Price Index (PPI) remained in contraction in September, dropping by 4.5 percent year-on-year (YoY), after a decline of 2.4 percent in August, ELSTAT data showed on Wednesday. With the exception of July, which provided the first positiv...
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Unemployment drops further in Sep, dipping to 9.3 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained below the 10 percent mark in September, dropping further to 9.3 percent, from 9.5 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In September l...
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Trade deficit up sharply in Sep, reaches 25.13 bln in 9M for 8.5 pct YoY rise
EconomyMacroeconomyGreece’s trade deficit rose sharply by 12.9 percent year-on-year (YoY) in September, after a drop of 6.5 percent in August, according to data released by ELSTAT on Thursday. The deficit came to 3.06 billion euros for September. Imports totalled 7.17 bil...
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