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  1. Industrial production down by 4 pct in May after three successive rises

    EconomyMacroeconomy

    a drop in May with the biggest in mining and quarrying production (-15 percent) followed by electricity... by sector displayed a sharp drop in motor vehicles and trailers (-36.5 percent), mining of coal... the seasonally adjusted IPI contracted 4.9 percent month on month (MoM) in May after a 2 percent MoM drop

    5%

  2. Rare rebound for retail trade with 2.5 pct rise in May
    Photo by MacroPolis

    EconomyMacroeconomy

    The turnover of Greece’s retail trade index rose by 2.5 percent in May following a 3.1 percent drop.... The highest MoM drop was posted by food, beverages and tobacco (-9.5 percent), books, stationery... a double digit drop since 2009. The latest retail business indicators published by the European

    5%

  3. Greek deflation decelerates to 1.5 pct due to VAT rate hikes
    Photo by MacroPolis

    EconomyMacroeconomy

    by 1.2 percent. Since then, the CPI decrease ranged between 2.1 to 2.8 percent. The slower drop... a drop by 0.4 percent from 1.3 percent in July. The August figure indicates the lowest reading over... groups. The biggest drop was recorded in housing (-7.3 percent) followed by clothing and footwear

    5%

  4. Growing hopes that Greek recession will be milder than expected

    Economy

    (+0.1 percent), more than offsetting a sharp drop in investments (-10.6 percent). The provisional... 5. The breakdown showed a drop in private consumption by 1.6 percent in 2015, exports by 1.5 percent... by 1.5 to 2 percent this year, on the back of a drop in private consumption by 1.5 to 2 percent

    5%

  5. Apartment prices fall at an accelerating pace of 6.1 pct in Q3

    EconomyMacroeconomy

    pace compared to the downward revised 5 percent drop recorded in Q2, Bank of Greece (BoG) data showed... straight quarter by 1.8 percent in Q3, at a slower pace compared to the 2.9 percent QoQ drop in Q2... percent over the past seven years. Due to the imposition of capital controls and the sharp drop

    5%

  6. Greek firms rely on public procurement most in EU but also suspect corruption, survey indicates

    Society

    . Since 2013, there has been a 10 point drop in companies agreeing that that unfair selection or evaluation criteria exist, a 16-point drop in those who believe conflict of interests in the evaluation of bids is widespread, and a 17-point drop who believe collusive bidding is widespread, and a 14-point

    5%

  7. High unemployment, falling wages damaged sustainability of largest Greek pension fund
    Photo by MacroPolis

    EconomyMacroeconomy

    of almost 290,000 between 2009 and 2014, which reflects a sharp drop by around 490,000 until 2012... in the 2009-2013 period with the sharpest drop of 4.03 billion euros recorded in 2012. The amount of wages... respectively. The drop reflects a decrease in the number of IKA insured by 11.5 percent and average wages

    5%

  8. CPI falls at a slower pace of 0.5 pct in February

    EconomyMacroeconomy

    Τhe Greek Consumer Price Index (CPI) fell by 0.5 percent in February after a 0.7 percent drop..., while goods index fell by 1 percent. The drop in February CPI is mainly attributed to a decrease...). Compared to the previous month, February CPI declined by 0.4 percent largely due to a drop

    5%

  9. Greek banks: Taking stock of a rough 2015 and looking at what lies ahead
    Photo by MacroPolis

    Agora

    percent quarter on quarter (QoQ) in Q4, mainly due to a drop in the funding cost stemming from...-year figure points to a 3.9 percent drop. Most banks guided for a double-digit rebound in commission.... This largely reflects a sharp drop in loan provisions and an NII rebound on the back of reduced reliance

    5%

  10. Current account deficit widens to 412 mln in May
    Photo by MacroPolis

    EconomyMacroeconomy

    by around 272 million euros fully reflects a drop in the services surplus by 442 million, which more... year to positive this May. Moreover, BoG said that the drop in exports is largely due to a decrease... coupled with lower net payments for purchases of ships mainly due to capital controls. The marked drop

    5%