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Greek economic sentiment down in January but consumer confidence rises
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued retreating for the second straight month in January, when it fell by 3.8 points to 95.3 from 99.1 in December, according to the European Commission (EC). January’s figure is the lowest reading since February 2...
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Greek retail turnover index down 1.6 pct in November
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell 1.6 percent in November from an upward revised 0.8 percent increase in October, according to the Hellenic Statistical Agency (ELSTAT). November rate is the sixth negative reading in the 11-month period of...
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Greek Manufacturing PMI down to 48.3 pts in January, reaches 15-month low
EconomyMacroeconomyAfter rising in the preceding three months, Greece’s Manufacturing PMI dropped by 1.1 points to 48.3 in January from 49.4 in December, according to Markit. The headline figure fell to a 15-month low, while it was the seventh sub-50 reading in the last e...
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Greek apartment prices down 5.8 pct in Q4 2014
EconomyMacroeconomyThe drop in apartment prices in Greece decelerated for the sixth successive quarter to 5.8 percent in Q4 2014 from 7 percent in Q3, according to the Bank of Greece (BoG). However, the Q4 rate indicates the twenty-third consecutive negative reading since...
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Greek trade deficit widens by 26.9 pct in December
EconomyMacroeconomyAfter receding in the previous two months, Greece’s trade deficit rose by 26.9 percent in December, according to the Hellenic Statistical Authority (ELSTAT). In absolute figures, the trade deficit stood at 1.78 billion euros in December, which is the fi...
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Greek primary budget surplus halved in Jan as revenues miss target
EconomyGreece’s budget execution showed the primary surplus halving to 443 million euros in January from 835 million last year, according to the Finance Ministry (MoF) preliminary budget bulletin published on Thursday. This was the first bulletin released by t...
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Greek industrial turnover plummets by 8.9 pct in Dec as manufacturing suffers
EconomyMacroeconomyThe Turnover Index in Industry headed south for the second straight month in December but at an accelerating pace of 8.9 percent from 0.7 percent in November, according to the Hellenic Statistical Authority (ELSTAT). This is the second highest monthly d...
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Sharp rise for Greek consumer confidence in Feb, economic sentiment also up
EconomyMacroeconomyAfter falling in the preceding two months, Greece’s economic sentiment (ESI) rebounded by 2.9 points to 98.2 in February from 95.3 in January, according to the European Commission (EC). However, February’s figure is the second lowest reading since May 2...
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Greek retail trade turnover index declined by 3.7 pct in December
EconomyMacroeconomyThe turnover of Greece’s retail trade index dropped for the second straight month in December, at an accelerating pace of 3.7 percent from a revised 1.4 percent decline in November, according to the Hellenic Statistical Agency (ELSTAT). The December rat...
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Greek manufacturing PMI virtually unchanged in Feb as uncertainty bites
EconomyMacroeconomyGreece’s Manufacturing PMI rose by just 0.1 points in February to 48.4 from 48.3 in January, according to Markit. This is the eighth sub-50 point reading in the last nine months. Despite faster decreases in both output and new orders, stronger growth in...
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