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Tax revenues beat target by 3.16 bln in Sep, as contained spending leads to 6 bln primary surplus
EconomyMacroeconomyThe budget primary balance came to a surplus of 5.98 billion euros in September, compared to a surplus of just 52 million euros in the same period of 2022, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Mond...
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Led by lending to corporations, pace of credit growth rises to 2.1 pct in Sep
EconomyMacroeconomyThe credit expansion in the Greek private sector picked up pace in September, rising by 2.1 percent year-on-year (YoY), from 0.9 percent in August, Bank of Greece (BoG) figures released on Wednesday showed. At 6.3 percent, last December’s growth was the...
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Deposits reach highest since May 2011 with 2.23 bln rise in Sep
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system was strong in September, with a 2.23-billion-euro inflow, after a marginal movement of 190 million euros in August, based on the latest Bank of Greece (BoG) figures released on Wednesda...
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VAT and income taxes buoy revenue performance as primary surplus target is beaten in Sep
EconomyMacroeconomyThe budget primary balance in September was confirmed at a surplus of almost 6 billion euros, compared to a surplus of 52 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Wednesday....
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Despite annual drop in Sep, producer prices rise for 4 consecutive months
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for the seventh successive month in September, dropping by 4.3 percent year-on-year (YoY), after falling by 8.3 percent in August, ELSTAT data showed on Monday. The index was in negative territory for most ...
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Number of unemployed falls 18.2 pct in Sep, overall unemployment rate down to 10 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate dropped to 10 percent in September, after a slightly downwards revision to 10.6 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday. In September last year, the unemploymen...
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Trade deficit to Sep drops by 18.1 pct, exports struggle with 6.4 pct decrease
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 25.9 percent year-on-year (YoY) in September, after a decline of 7 percent in August, according to data released by ELSTAT on Tuesday. The deficit came to 2.68 billion euros for September. Imports totalled 6.9 b...
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Annual contraction of import prices slows in Sep, index growing MoM since Jun
EconomyMacroeconomyGreece’s import price index continued to contract in September but at a considerably slower rate compared to recent lows as it fell by 9.2 percent year-on-year (YoY), after dropping by 14.6 percent in August, according to data released by the Hellenic S...
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Industrial turnover contracts for six months on bounce in Sep with 5.1 pct drop
EconomyMacroeconomyGreece’s industrial turnover remained in contraction in September, dropping by 5.1 percent year-on-year (YoY), from a 6.4 percent decrease in August, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday. This is the sixth ...
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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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