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Building activity's upward course halts in May with 19.6 pct YoY drop
EconomyMacroeconomyThe strong start to the year for building activity halted in May, with a sharp drop of 19.6 percent... by the Hellenic Statistical Agency (ELSTAT) on Wednesday. The total number of permits issued in May reached 2,065, from 2,570 in May 2023. The corresponding surface area decreased by 6.7 percent YoY, while
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Consumer confidence rises sharply by 4 points in May, other components drop
EconomyMacroeconomyGreece’s economic sentiment (ESI) was broadly stable in May at 107 points, from 107.4... period, May’s ESI is down roughly 3 points from June 2024. The average ESI in the EU stood at 95.2 points in May, from 94.6 in the previous month. The euro area’s ESI was 94.8 points, from 93.8 points
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PMI unchanged in May as signs of tariff effects, weak EU demand start to show
EconomyMacroeconomyGreece’s Manufacturing PMI was unchanged in May at 53.2 points, according to S&P Global data released on Monday. The manufacturing sector continued to expand in May, extending the growth trend... manufacturing firms signalled a further solid improvement in May. Output growth quickened, as domestic demand
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Strong income tax revenues and contained spending maintain budget outperformance in May
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 5.34 billion euros up to May, compared.... The total budget balance by May showed a surplus of 1.88 billion euros, from a 535-million-euro deficit..., 1.13 billion euros above the target. Expenditure By May, overall expenditure stood at 27.09 billion
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Deposits resume rise in May, reaching 199.61 bln
EconomyMacroeconomyGreek banking system’s private sector deposits grew in May, with a net increase of 1.22 billion... released on Monday. The annual growth in May was 4.7 percent year on year (YoY), from 4.2 percent in the preceding month. The outstanding balance of private sector deposits in May stood at 199.61 billion
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Easter timing pushes retail sales down markedly in May with -4.4 pct YoY fall
EconomyMacroeconomyGreece’s retail sales had a sharp drop of 4.4 percent year-on-year (YoY) in May, after marked... since orthodox Easter last year fell on May 5th, compared to April this year, leading to stronger sales this year during April. Compared to May 2024, automotive fuel was down by 18.6 percent, non-food
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Economic sentiment and consumer confidence recover some ground in May
EconomyMacroeconomyGreece’s economic sentiment (ESI) improved in May, with the index at 107.5 points, from 105.8... 12-month period, May’s ESI was roughly two points above June 2025. The average ESI in the EU stood at 93.7 points in May, from 93.4 in the previous month. The euro area’s ESI was also slightly up
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PMI improves in May as manufacturers struggle with effects of Iran war
EconomyMacroeconomyGreece’s manufacturing PMI rose to 53.3 points in May, from 52.4 points in the previous month, S&P Global data showed on Tuesday. Growth in May accelerated to one of the strongest rates of the past..., it was broadly in line with the long-term trend. "The Greek manufacturing sector saw renewed momentum in May
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Corporations at forefront of 5.53 bln deposit inflow in May
EconomyMacroeconomyPrivate sector deposits rose sharply in May, with a net inflow of 5.53 billion euros, after a minor... on Monday. The annual growth in May was 7.8 percent year on year (YoY), from 5.8 percent... programme in May 2010. Before the debt crisis, at the end of 2009, the Greek economy had 237.53
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Newsletter 87 - 09/09/2016
down to 23.4 percent in June from 23.6 percent in May. The June jobless rate is the lowest since... rate also decreased to 22.6 percent in June from 23.3 percent in May. ELSTAT figures also showed... to be that the EU has helped Greece improve its capabilities and that they may soon be returned. It is true
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