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Deposits positive for fourth month as May sees inflows of 919.4 mln
EconomyMacroeconomyin May versus inflows of 870.1 million in April, Bank of Greece (BoG) figures revealed on Wednesday... into the Greek banking system. May’s deposit inflows overtook April’s as the second highest for the year so... in May to come to 142.94 billion. The BoG’s most recent monthly financial statement showed
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Industrial turnover drops by 2.3 pct in May
EconomyMacroeconomyGreece’s industrial turnover fell by 2.3 percent year-on-year (YoY) in May compared to a rise of 13.4 percent in April, Hellenic Statistical Authority (ELSTAT) data published on Friday showed. May’s... percent. For non-eurozone countries, a fall of13.4 percent was noted. In May, declines were noted
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Travel balance falls by 99.3 pct in May
EconomyMacroeconomyGreece’s travel balance fell to 9.1 million euros in May from 1.34 billion a year ago, Bank... at 4.4 million euros in May. For the same month last year, the YoY change came to a decline of 2.9... to around 1,400. Those from France were down by 100 percent with no arrivals registered in May. Visitors
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Govt forced to back down over Easter travel, turns focus to May re-opening
PoliticsGreek Politicswould not be able to allow Greeks to travel between regions ahead of the May 2 celebrations due... that the government is aiming for all schools to open on May 10, after the Easter holidays and ahead of Greece formally opening its doors to tourists from May 14. He also addressed complaints
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PMI jumps to 58 points in May, strongest upturn in 20 years
EconomyMacroeconomyGreece’s manufacturing PMI rose to 58 points in May from 54.4 points in April, signalling... for the series began in November 2002. The data in May indicated that there was a steep increase... months of decline. Costs for goods producers continued soaring in May due to material shortages
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Deposits edged up further as they rose by 359 mln in May
EconomyMacroeconomymillion euros in May, compared with inflows of 3.13 billion euros in April, Bank of Greece (BoG) figures... deposits of 56.2 billion euros. In May last year, net deposit movement was positive by 1.72 billion euros. A breakdown of the figures revealed that sight deposits rose by 810 million euros in May. Savings
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Current account shows deficit of 1.4 bln in May as imports rise
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 1.4 billion euros in May compared to 2.08 billion euros in April, Bank of Greece (BoG) data showed on Wednesday. In May 2020, the balance showed...-on-year (YoY). According to the BoG, May’s performance is mainly due to a worsening in the balance
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Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
EconomyMacroeconomybillion euros. The budget balance up to May came to a deficit of 4.07 billion euros, from a 10.8-billion-euro deficit in May 2021. The overall deficit is better than the target by 2.43 billion euros..., above the target by 574 million euros. Expenditure In May, overall expenditure stood at 26.35 billion
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Trade deficit jumps by 84.7 pct in May, reaching 14.7 bln for 2022
EconomyMacroeconomyThe rise in Greece’s trade deficit accelerated in May, jumping by 84.7 percent year-on-year (YoY... percent YoY. Exports totalled 4.78 billion euros. This is an increase of 47.9 percent compared with May... the value of oil products and ships, the trade deficit rose by 64.8 percent YoY in May, to 2.53 billion
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Monthly and volume retail sales data shrink in May, reflecting cost-of-living crisis
EconomyMacroeconomyThe growth in Greece’s retail sales experienced a significant slowdown in May, rising by 5.1... in May decreased by 4.2 percent YoY, after having increased by 10 percent in April. Compared to May... points seen in August last year. The recovery trend that had started last year reversed in May 2021
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