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Growth of retail sales slows to 8.8 pct in Dec amid decline in volume of food sold
EconomyMacroeconomyThe growth in Greece’s retail sales slowed down in December, rising by 8.8 percent year-on-year (YoY), from 12.6 percent growth in November, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. The annual average growth for 2022 was 12.3 percent. The corresponding volume index dropped
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Building permits grow by 9 pct in Nov, up 3.9 pct over 11M
EconomyMacroeconomyBuilding permits stayed on a growth trend in November thanks to a rise of 9 percent year-on-year (YoY), after an increase of 8.2 percent in October, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Tuesday. The total number of permits issued in November reached
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Producer prices slow further to 13.5 pct YoY in Jan, but rise MoM
EconomyMacroeconomyThe pace of Greece’s Producer Price Index (PPI) continued to slow in January, when it rose by 13.5 percent year-on-year (YoY), following a 16.5 percent increase in December, ELSTAT data showed on Tuesday. The index was in negative territory for most of 2020 and up until March 2021, when it grew
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Budget beats target in Jan, boosted by 49 pct YoY jump in taxes on goods and services
EconomyMacroeconomyThe budget primary balance in January was confirmed to be a surplus of 2.77 billion euros, compared to a surplus of 15 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Tuesday. In the first month of the year, the budget
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Jan delivers most negative hiring balance since 2017
EconomyMacroeconomyGreece’s employment balance turned negative in January, with 27,611 more departures than hires, according to data from the Labour Ministry’s Ergani information system. The hiring balance in January last year was -25,804, suggesting a deterioration of 1,807 jobs. January was also the second worst
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Q4 GDP grew by 1.4 QoQ, 2022 GDP rose 5.9 pct
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP increased by 1.4 percent quarter-on-quarter (QoQ) at the close of 2022, from a rise of 0.4 percent in Q3, after the previous drop by 0.5 percent was revised upwards, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Tuesday
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Trade deficit drops 21.9 pct YoY in Jan, reflecting base effects
EconomyMacroeconomyGreece’s trade deficit opened 2023 with a drop year-on-year (YoY), falling by 21.9 percent, after a drop of 10.6 percent in December, according to data released by ELSTAT on Friday. The deficit came to 2.36 billion euros for January. Imports totalled 6.83 billion euros, rising by 5.8 percent YoY
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CPI slows to 6.1 pct in Feb as energy moderates, but rising food prices persist
EconomyMacroeconomyThe pace of Greece’s Consumer Price Index (CPI) dropped further in February, rising by 6.1 percent year-on-year, after increasing by 7 percent in January, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period
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Car sales contract by 8.2 pct YoY in Feb amid drops for used passenger vehicles and lorries
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time fell back into negative territory in February, dropping by 8.2 percent year-on-year (YoY) after a solid jump of 54.6 percent in January, according to Hellenic Statistical Authority (ELSTAT) data released on Monday. In February 2022
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Import prices stabilise at high levels in Jan with rise of 0.4 pct YoY
EconomyMacroeconomyGreece’s import price index barely moved in January, as it rose by just 0.4 percent year-on-year (YoY), after a rise of 11 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. The index peaked in April last year with a 39.1 percent rise and has
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