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Building activity slows again in Mar, as Q1 rise reaches 6.7 pct
EconomyMacroeconomyThe growth in building permits slowed down in March, with total permits rising by 2.8 percent year-on-year (YoY) from a 13.7 percent rise in February, according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Wednesday. The total number of permits issued in March reached
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Producer prices soar by 43 pct YoY in May, but see first monthly drop since Aug 2021
EconomyMacroeconomyThe pace of Greece’s Producer Price Index (PPI) annual growth slowed down, although only marginally, with one more explosive rise in May, shooting up by 43 percent year-on-year (YoY), having jumped by 48.8 percent in April, ELSTAT data said on Thursday. The index was in negative territory for most
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CPI shoots up by 12.1 pct in Jun as electricity and natural gas stoke biggest rise since early 90s
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) continued its record-breaking streak in June, rising by 12.1 percent year-on-year (YoY), after increasing by 11.3 percent in May, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month
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Industrial production on up again in May as manufacturing expansion triggers 3.2 pct rise
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) resumed its recovery in May, rising by 3.2 percent year-on-year (YoY), after a temporary pause in April when it dropped by 4.8 percent, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. The index has now paused twice since
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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), following a rise of 49.5 percent in April, according to data released by ELSTAT on Friday. The deficit came to 3.09 billion euros for the month. Imports totalled 7.87 billion euros, rising by 60.3
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Vehicle sales drop again YoY in June as only used passenger cars sales grow
EconomyMacroeconomyThe rise in road motor vehicles going into circulation for the first time slowed down to 2 percent year-on-year growth in June, after an increase of 21.3 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. In June 2021, the year-on-year change was 34.6
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Energy products drive import price to second highest ever growth of 37.3 pct in May
EconomyMacroeconomyGreece’s import price index grew at a solid pace in May, posting another rise of 37.7 percent year-on-year (YoY), after a 39.1 percent in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. This is the second highest annual growth during the inflation wave
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Newsletter 346 - 15/07/2022
conservative based on the latest available data and will need to be revised once the 2023 draft budget
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Budget primary balance in H1 beats target by 1.47 bln on back of improved tax haul
EconomyMacroeconomyThe budget primary balance for the first half of 2022 came to a deficit of 3.43 billion euros, compared to a deficit of 9.09 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday. The primary balance beat the target
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Hiring balance slows in June as job market returns to normal levels
EconomyMacroeconomyGreece’s employment balance slowed down in June with 19,113 more hires than departures, according to data from the Labour Ministry’s Ergani information system. In May there were 99,956 more hires then departures, while there was a significant slowdown from the figure of 73,502 of June last year
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