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Energy forces import prices upwards again with 2 pct increase YoY in Apr
EconomyMacroeconomyGreece’s import price index stayed on positive ground in April, rising by 2 percent year-on-year (YoY), after a 1.3 percent increase in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. After 13 months of consecutive negative readings the index resumed
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Strong tax performance and underspend push primary surplus up to 3.15 bln in May
EconomyMacroeconomyThe budget primary balance recorded a surplus of 3.15 billion euros in May, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Monday. Up to May, the primary balance outperformed by 2.35 billion euros above the target. Expenditure, excluding interest
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PASOK, SYRIZA leaders show little appetite for touted alliance of progresives
PoliticsGreek Politicsindications from the breakdown of the voting and exit poll data suggests that New Democracy did
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Current account deficit continues to grow, reaching 6.84 bln up to Apr
EconomyMacroeconomyGreece’s current account recorded a deficit of 2.69 billion euros in April, unchanged from the deficit in March, Bank of Greece (BoG) data showed on Thursday. In April 2023, the balance showed a deficit of 1.87 billion euros. The Bank of Greece notes that this is mainly due to a deterioration
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Industrial turnover soars by 18 pct YoY in Apr, strongest since early 2023
EconomyMacroeconomyGreece’s industrial turnover took off in April, rising by 18 percent year-on-year (YoY) from a 6.1 percent decrease in March, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. This is the strongest rise in industrial turnover since early 2023. On a rolling
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Travel balance rises to 1.79 bln in in first four months as arrivals increase by 20 pct
EconomyMacroeconomyGreece's travel balance recorded a surplus of 571.2 million euros in April, compared to 136.6 million euros in March, according to data released by the Bank of Greece (BoG) on Friday. April's balance was 20.3 percent higher than the 474.6 million euros recorded in April 2023. In April 2022
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VAT and income tax takings plus 721 mln underspend lead to 3.2 bln primary surplus in May
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 3.2 billion euros in May, compared to a surplus of 2.3 billion euros in the same month a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Tuesday. In May, the budget primary balance outperformed
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Another strong rise for building activity in Mar takes Q1 to 42 pct YoY
EconomyMacroeconomyThe strong start to the year for building activity continued in March, with a rise of 39.8 percent year-on-year (YoY), after a 77.8 percent increase in February, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. The total number of permits issued in March
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Led by a sharp drop in food sales, retail contracts by 1.4 pct YoY in Apr
EconomyMacroeconomyGreece’s retail sales resumed the contraction in April with a 1.4 percent year-on-year (YoY) drop, after a strong rebound of 11.1 percent in March, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index recorded a solid decrease of 6.3 percent YoY. Sales have
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Producer prices down by 1.4 pct YoY in May, headed by energy
EconomyMacroeconomyGreece’s Producer Price Index (PPI) remained in contraction in May, dropping by 1.4 percent year-on-year (YoY), after falling by 1 percent in April, ELSTAT data showed on Friday. The index had been growing over a two-year period since March 2021, before it turned negative in March last year and has
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