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Manufacturing remains in expansion in May amid client demand concerns
EconomyMacroeconomyGreece’s Manufacturing PMI remained in expansion territory in June, although it stayed virtually unchanged at 51.8 points, from 51.5 points in May, according to S&P Global data released on Monday. This is the fifth month that the conditions in the Greek manufacturing sector have improved, with June
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CPI drops in Jun on back of lower energy costs, but food prices continue to climb
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) dropped below the ECB’s target of 2 pct in June, with a reading of 1.8 percent year-on-year (YoY), after growing by 2.8 percent in May, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling
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Industrial production growth slows to 1.4 pct annually in May, only manufacturing expands
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) slowed in May, rising by 1.4 percent year-on-year (YoY), from a slightly downwards revised 4.1 percent in April, according to Hellenic Statistical Authority (ELSTAT) data released on Monday. The index has been growing in all five months of 2023. Up to May
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Vehicle sales up 10.8 pct YoY in Jun, rising by 13.2 pct in H1
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time accelerated further in June, rising by 9.2 percent year-on-year (YoY), from 5.6 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. In June 2022, the year-on-year change was a 2 percent rise
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Import prices fall sharply in May as energy drops by 40.5 pct
EconomyMacroeconomyThe contraction of Greece’s import price index picked up further pace in May, as it fell by 20.8 percent year-on-year (YoY), after dropping by 17.5 percent in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. This is the fourth negative reading
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Government fleshes out priorities, SYRIZA sets dates for leadership vote
PoliticsGreek Politics. It appears that the IAPR will start cross-checking these figures against other data that reveal
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Budget execution continues to outperform in June, led by 2.2 bln in excess taxes
EconomyMacroeconomyThe budget primary balance came to a surplus of 2.12 billion euros in June, compared to a deficit of 3.43 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday. In the first half of the year, the budget outperformed
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Spyware probe reveals multiple targets, prompts opposition calls for answers
PoliticsGreek PoliticsThe surveillance scandal, which had become virtually a non-issue in Greek politics over the last few months, is back as a topic of debate after the Data Protection Authority in Athens completed its investigation into the use of Predator spyware and published a summary of its findings on Thursday
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Current account deficit narrows further in May, down by over 3 bln in first five months
EconomyMacroeconomyGreece’s current deficit narrowed to 1.65 billion euros in May, from 1.78 billion euros in April, Bank of Greece (BoG) data showed on Friday. In May 2022, the balance showed a deficit of 2.08 billion euros, while in May 2021 the current account posted a deficit of 1.39 billion euros. The deficit
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Travel balance up to May rises by 30.7 pct as arrivals soar by a third
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 1.54 billion euros in May, from 498.2 million euros in April, according to Bank of Greece (BoG) data released on Monday. May’s balance was roughly 28 percent higher than the 1.2 billion euros registered in May 2022. The balance in May 2021 was just
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