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Education hirings offset losses in tourism for Sept as 9M figure drops by 21,394 jobs YoY
EconomyMacroeconomyGreece’s employment balance turned positive in September with 26,238 more hires than departures, according to data from the Labour Ministry’s Ergani information system. In August, the balance was negative with 32,966 more departures than hires, while there was an improvement by 6,511 more jobs
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Current account surplus drops in Aug, as 8M deficit jumps by 73 pct to over 10 bln
EconomyMacroeconomyGreece posted a current account (C/A) surplus of 449.1 million euros in August, from 1.1 billion euros in July, Bank of Greece (BoG) data showed on Friday. In August 2021, the balance showed a surplus of 1.41 billion euros, while in August 2020 the current account posted a deficit of 150.8 million
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Disposable income rises by 1.7 pct in Q2, but saving rate of -14.2 pct lowest since 2014
EconomyMacroeconomyHousehold disposable income increased by 1.7 percent year-on-year (YoY) in the second quarter (Q2) of 2022, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. The absolute figure was 32.98 billion euros, from 32.45 billion euros a year ago. A drop of 7.4 percent
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Building permits down by 2.3 pct in Jul as YTD activity growth nearly flat
EconomyMacroeconomyBuilding permits growth in July returned to negative territory, dropping by 2.3 percent year-on-year (YoY), after a 3 percent increase in June), according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday. The total number of permits issued in July reached 2,254
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Growth in producer prices slows to 29.4 pct in Sep amid another monthly drop
EconomyMacroeconomyThe pace of Greece’s Producer Price Index (PPI) annual growth slowed down further in September, although it rose by 29.4 percent year-on-year (YoY) following a 39.5 percent increase in August, ELSTAT data said on Thursday. The index was in negative territory for most of 2020, and up until March
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SYRIZA accuses ND of covering for cronyism in wake of MP's expulsion
PoliticsGreek Politicssoundings by other firms. The extrapolated data show the conservatives at 33.5 pct of the vote
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Retail sales up by 14.1 pct in Aug, volume rises by 4.4 pct
EconomyMacroeconomyThe growth in Greece’s retail sales picked up pace in August with a rise of 14.1 percent year-on-year (YoY), following a downwards revised 11.5 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Monday. The corresponding volume index rose by 4.4 percent annually in August
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Manufacturing remains in contraction for Oct as business optimism falls to lowest since May 2020
EconomyMacroeconomyGreece’s Manufacturing PMI resumed its slide in October, falling by 1.6 points to 48.1, from 49.7 points in September, according to S&P Global data released on Tuesday. October’s PMI is the fourth consecutive decline in the state of the Greek manufacturing sector, and S&P Global notes this is now
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Sep trade deficit of 3.61 bln largest since 2010, 9M gap up by 62 pct
EconomyMacroeconomyGreece’s trade deficit jumped in September by 70.4 percent year-on-year (YoY), after a rise of 29.9 percent in August, according to data released by ELSTAT on Monday. The deficit came to 3.61 billion euros for September. Imports totalled 8.33 billion euros, rising by 42.2 percent YoY. Exports
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CPI slows to 9.1 pct YoY as electricity and natural gas prices drop MoM
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) grew by 9.1 percent year-on-year (YoY) in October, slowing down from the jump of 12 percent in September, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period increased b6 9.2
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