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  1. Wages index improves by 2.7 pct in Q3 for highest rise in almost 6 years

    EconomyMacroeconomy

    The seasonally adjusted (SA) Wages Index posted an increase by 2.7 percent in the third quarter (Q3) of 2015 after a drop of 2.1 percent in Q2, Hellenic Statistical Authority (ELSTAT) figures showed... percent. The drop over this 5-year period largely reflects the effects of internal devaluation

    4%

  2. Unemployment rate fell further to 24 pct in Q3 on seasonally increased employment
    Photo by MacroPolis

    EconomyMacroeconomy

    eased by 1.5 percentage points (pp) over the Q3 2014 rate of 25.5 percent. The rate drop reflects... of underemployed declined for the second straight quarter to 235,800 in Q3 resulting in a further drop of its

    4%

  3. Building activity rebounds 7.2 pct in November
    Photo by MacroPolis

    EconomyMacroeconomy

    building surface and volume posted a drop by 2.1 and 4 percent respectively. The geographical breakdown... at least for the next two years with official forecasts calling for a further drop in housing prices

    4%

  4. Apartment prices down by 5.4 pct in Q4 and 5.1 pct over whole of 2015

    EconomyMacroeconomy

    Greek apartment prices decreased by 5.4 percent in the fourth quarter (Q4) of 2015, at a slightly decelerating pace compared to the revised 5.8 percent drop in Q3, Bank of Greece (BoG) data displayed... in the 2008-2014 period. It dropped by a relatively modest drop 1.5 percent in the 11-month period

    4%

  5. A closer look at 2015 revenues reveals size of hit they took
    Photo via Flickr https://flic.kr/p/nphVW

    EconomyMacroeconomy

    is fully attributed to a drop in direct taxes by 706 million, while indirect taxes were kept almost stable.... The breakdown showed corporate income tax rose by 240 million euros to 2.9 billion, more than offsetting a drop

    4%

  6. PMI falls 1.6 pts to 48.4 in February

    EconomyMacroeconomy

    for the first time in the last three months. Manufacturers reported a drop in output and incoming new orders.... The reported drop in new business from abroad is mostly related to transport difficulties caused

    4%

  7. Retail sales down by 3.8 pct in Jan for eighth straight fall
    Photo by MacroPolis

    EconomyMacroeconomy

    . All store categories posted double-digit drop rates month on month (MoM) in January with the most.... Retail turnover has been reduced by almost one third since 2009 largely reflecting a similar drop

    4%

  8. EC expects milder recession of 0.3 pct in 2016, sees debt to GDP at 178.8 pct in 2017
    Photo by Stuart Chalmers via Flickr https://flic.kr/p/49JB98

    Economy

    in negative territory in 2016, while the drop in consumption is expected to be partly offset... drop by 0.1 percent in 2016 and rebound by 3.8 percent in 2017. Unemployment is seen edging down

    4%

  9. Greece seeks to mend fences with Austria but frets about EU-Turkey deal
    Photo by https://flic.kr/p/G8YjP3

    PoliticsForeign Policy

    led to the significant drop of refugee numbers, Kurz claimed. The Greek foreign minister claimed... situation, which has seen the number of migrants arriving in Greece drop dramatically, is causing acute

    4%

  10. Travel receipts rebound 8.2 pct in March, but surplus drops 3.6 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    payments rose at a higher pace of 13.7 percent to 158.5 million, resulting in a drop of the March... million last year. The stable performance in travel receipts reflects a drop in non-residents arrivals

    4%