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Building activity returns to growth with 15.2 pct YoY rise in Jul
EconomyMacroeconomyBuilding activity returned to growth in July, with a rise of 15.2 percent year-on-year (YoY), after a sharp drop of 1.7 percent in June, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. The total number of permits issued in July reached 2,792, from 2,423
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VAT and income tax boost revenues, budget underspend at 4.25 bln in Sep
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 8.74 billion euros in September, compared to a surplus of 5.3 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Friday. Up to September, the budget primary balance
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IMF forecasts add to concerns about sluggish growth ahead
EconomyMacroeconomy, the latest data released by ELSAT for 2023 GDP, shows that investments are close to 40 pct below the pre
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Energy drives producer prices down by 4.5 pct YoY in Sep, as all other categories rise
EconomyMacroeconomyGreece’s Producer Price Index (PPI) remained in contraction in September, dropping by 4.5 percent year-on-year (YoY), after a decline of 2.4 percent in August, ELSTAT data showed on Wednesday. With the exception of July, which provided the first positive reading since February 2023, producer prices
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CPI moderates to 2.4 pct YoY in Oct, food inflation below headline number
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) moderated in October with a rise of 2.4 percent year-on-year (YoY), after an increase of 2.9 percent in the previous month, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling
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Vehicle sales down by 2.3 pct YoY in Oct due to sharp drop in new cars
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 2.1 percent year-on-year (YoY) in October, after a rise of 4.4 percent in September, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. In October 2023, licences had grown by 38.9 percent annually
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Drop of 24.1 pct YoY in energy prompts biggest import price decline in a year
EconomyMacroeconomyGreece’s import price index remained in contraction in September, accelerating to 10.6 percent year-on-year (YoY), after a 4.3 percent drop in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. The index recorded more than one year
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Privatisation proceeds, major underspend push Oct primary surplus to 8.82 bln above target
EconomyMacroeconomyThe budget primary balance recorded a surplus of 13.49 billion euros up to October, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday. During the ten months of the year, the primary balance came in 8.82 billion euros above the target. The ministry
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Current account deficit at 7.67 bln for 9M as goods balance deteriorates
EconomyMacroeconomyGreece’s current account was back in deficit in September, widening to 316.5 million, from a 651.3 million euros surplus in August, Bank of Greece (BoG) data showed on Wednesday. In September 2023, the balance showed a deficit of 260.5 million euros. The Bank of Greece notes that this is mainly due
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Travel receipts recover in Sep, up 4.1 pct in 9M to 18.76 bln
EconomyMacroeconomyGreece's travel balance recorded a surplus of 3.58 billion euros in September, compared to 4.02 billion euros in August, according to data released by the Bank of Greece (BoG) on Thursday. August's balance was 9.4 percent higher than the 3.1 billion euros recorded in September 2023. In September
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