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Greek economic sentiment and consumer confidence fall sharply in December
EconomyMacroeconomyAfter improving in the preceding two months, Greece’s economic sentiment (ESI) fell by 3.8 points to 98.9 in December from 102.7 in November, according to the European Commission (EC). The ESI figure for December is the lowest reading since Apri, while ...
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Fall in Greek building activity accelerates to 19 pct in October
EconomyMacroeconomyΤhe number of building permits issued in Greece fell for the fifth straight month in October, when they declined by 19 percent from 11.2 percent in September, according to the Hellenic Statistical Authority (ELSTAT). This was the ninth negative reading ...
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Office prices and rents saw substantial fall in H1 2014
EconomyThe Bank of Greece (BoG) published on Monday for the first time its commercial property price and rent indices. The released data concerns office and retail price and rent levels of prime investment property and cover the period from the first half (H1)...
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Trade deficit plunges by 21 pct in January as exports and imports fall
EconomyMacroeconomyAfter climbing by 26.9 percent in December, Greece’s trade deficit fell 21 percent in January, according to the Hellenic Statistical Authority (ELSTAT). The absolute numbers show the trade deficit reached 1.27 billion in January, which is the second low...
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Greek current account deficit widens to 847 mln in Jan as exports fall further
EconomyMacroeconomyGreece's current account (C/A) deficit widened to 847 million euros in January 2015, more than 2.5 times higher than the previous year, according to the Bank of Greece (BoG). The negative movement by 511 million euros year on year (YoY) reflects deterio...
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Greek PMI edges up in March but exports, factory output fall
EconomyMacroeconomyGreece’s Manufacturing PMI improved for the second straight month by 0.5 points to 48.9 in March from 48.4 in February, according to Markit. However, the March headline figure remained below the 50-point mark for the seventh successive month, while the ...
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Industrial turnover down by 9.8 pct in Feb for fourth straight fall
EconomyMacroeconomyThe Turnover Index in Industry headed south for the fourth straight month in February but at a decelerating pace of 9.8 percent from a downward revised 15.6 percent in January, according to the Hellenic Statistical Authority (ELSTAT). The February rate ...
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Greek government's proposals to bridge gap with lenders appear to fall short
EconomyProgrammeAlong with the letter sent by the Greek Prime Minister Alexis Tsipras yesterday requesting a new 2-year loan from the ESM and extension of the second bailout programme for a short period, the government sent also a 2-page letter to the heads of the inst...
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Retail turnover fall accelerates to 3.3 pct in April
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell for the sixth straight month in April at an accelerating pace of 3.3 percent from a downward revised 0.6 percent in March, according to the Hellenic Statistical Agency (ELSTAT). The April headline figure ...
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Divided we fall?
AgoraAlmost 11 years ago today, tens of thousands of Greeks poured onto the streets in harmonious celebration of the national team's Euro 2004 victory. That was another decade, another time, another world. Today, Greeks have little to celebrate and much that...
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