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  1. Trade deficit plunges by 21 pct in January as exports and imports fall
    Photo by MacroPolis

    EconomyMacroeconomy

    August at 1.23 billion. The movement in January reflects a drop in both exports and imports by 12.8.... The rate of the drop is the highest since April 2014. January exports stood at 1.86 billion euros... 2014, shows the biggest drop since March 2013. In absolute terms, imports reached 3.13 billion

    5%

  2. Greek central gov’t cash surplus shrinks 70 pct to 503 mln by February

    EconomyMacroeconomy

    drop of 29.9 percent in January, while February revenues rebounded by 3.4 percent. The preliminary budget execution figures published by the MoF on Friday displayed a slower drop in revenues by 7.3... drop in budget expenditure was at 7.5 percent. Unlike revenue and expenditure items, BoG and MoF

    5%

  3. Retail sales down by 2.6 pct in January for third straight monthly decline
    Photo by MacroPolis

    EconomyMacroeconomy

    it declined by 2.6 percent from a revised 3.8 percent drop in December, according to the Hellenic... the highest MoM drop in January was posted by books, stationery and other goods (-36.6 percent) followed... than 30 percent on the back of a similar drop in household disposable income mainly reflecting

    5%

  4. Rebound in Q4 by 1.4 pct brings 2014 disposable income down 3.2 pct

    EconomyMacroeconomy

    increase in compensation of employees more than offsetting a drop in social contributions... flexible forms of work. Social security contributions and benefits recorded a slightly higher drop... for 2014 displayed a low single-digit drop by 2.2 percent. At the same time, property income posted

    5%

  5. Downturn in retail trade eases to 0.4 pct in March

    EconomyMacroeconomy

    percent. The breakdown by sector of retail turnover showed a MoM drop in clothing and footwear (-10.3... years, the highest drop was recorded in furniture and electoral and household equipment (-45.5 percent..., turnover in automotive fuel posted a single-digit drop (-8.8 percent) supermarkets’ sales decreased

    5%

  6. Greek CPI falls by 2.1 pct in May, same as April
    Photo by MacroPolis

    EconomyMacroeconomy

    The rate of drop in the Greek consumer price index (CPI) was unchanged in May, when it remained... in the first ten days of the month. This is mainly demonstrated in the 12.1 percent MoM drop in clothing... and the large drop in oil prices. In their latest updated forecasts, the European Commission

    5%

  7. Most services in Greece see turnover improve in Q1

    EconomyMacroeconomy

    and accounting services (+11.9 percent). On the flipside, the 3 service activities that posted a drop in Q1.... In particular, the highest QoQ drop was posted by architectural and engineering activities (-55.6 percent... (+5.2 percent). On the flipside, the highest drop since Q1 2011 was recorded in architectural

    5%

  8. Credit contracts by slower rate of 2.1 pct in May
    Photo by MacroPolis

    EconomyMacroeconomy

    , according to the Bank of Greece (BoG). The May headline figure is the slowest drop since August 2011... in May from 2 percent in April. The headline figure for May indicates the lowest drop since November... in shipping due to transfer of loans. Unlike corporates, the drop in loans to sole proprietors accelerated

    5%

  9. PMI falls to 46.9 pts in June in ten straight months of contraction

    EconomyMacroeconomy

    a sharp decline in new orders at an accelerating pace leading to a drop in production at the fastest..., as well as in consumer and investment. A sharp and accelerated drop was posted in new orders led... that although sold, the rate of drop in output prices was the slowest over the past nine months. Markit

    5%

  10. Retail turnover fall accelerates to 3.3 pct in April
    Photo by MacroPolis

    EconomyMacroeconomy

    Statistical Agency (ELSTAT). The April headline figure is the highest drop since December 2014..., which eliminate the impact of monthly seasonal effects, showed a drop in retail trade by 3 percent... and property taxes. The highest drop over this 6-year period was posted in furniture and electoral

    5%