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Credit growth slows to 0.9 pct in Jan as loans to enterprises record highest net outflow since 2018
EconomyMacroeconomyCredit movement in the Greek private sector slowed to 0.9 percent year-on-year in January, from a rise of 1.4 percent in December and 1.1 percent in November, Bank of Greece (BoG) figures released on Friday showed. The growth in credit expansion has rem...
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As imports soar, Jan trade deficit jumps by 98.7 pct; worst since Mar 2010
EconomyMacroeconomyGreece’s trade deficit continued its upward trajectory in January, nearly doubling year-on-year by 98.7 percent, from a jump of 79 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. The deficit ca...
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In first contraction since Oct 2020, Jan IPI falls by 10.9 pct MoM
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) recorded its first contraction in months, dropping by 0.2 percent year-on-year in January following an upwards revised 8.4 rise in December, according to Hellenic Statistical Authority (ELSTAT) data released on...
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Unemployment rate unchanged at 12.8 pct in Jan, employment rises by more than 300,000 YoY
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate stayed unchanged at 12.8 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. In the same month last year, the unemployment rate was 16.2 percent. The latest figure rem...
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Industrial turnover soars by 35.5 pct YoY in Jan, powered by petroleum products
EconomyMacroeconomyGreece’s industrial turnover remains in recovery mode, rising by 35.4 percent year-on-year (YoY) in January, after a 22.9 percent rise in December, according to data from the Hellenic Statistical Authority (ELSTAT) released on Monday. The index went int...
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Current account deficit rises to almost 2 bln in Jan, highest since 2011
EconomyMacroeconomyGreece posted a current account (C/A) deficit of nearly 2 billion euros in January, from 1.71 billion euros in December, Bank of Greece (BoG) data showed on Wednesday. In January 2021, the balance showed a deficit of 431.7 million euros, while in Januar...
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Travel surplus of 60.8 mln in Jan substantially higher than a year earlier
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 60.8 million euros in the opening month of 2022, from 64 million euros in December, according to Bank of Greece (BoG) data released on Thursday. January’s balance was significantly higher than the 1.7 millio...
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Growth in retail sales loses steam as index shrinks by 0.2 pct MoM in Jan
EconomyMacroeconomyGreece’s retail sales slowed down the annual recovery in January, rising by 13.9 percent year-on-year (YoY), from an upwards revised 24 pct, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. It should be noted that Greece’s second lockdow...
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Current account deficit for Jan-Feb at 4.12 bln, significantly higher than 2021
EconomyMacroeconomyGreece posted a current account (C/A) deficit of 2.12 billion euros in February, from 1.99 billion euros in January, Bank of Greece (BoG) data showed on Wednesday. In February 2021, the balance showed a deficit of 761.7 million euros, while in February ...
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Growth in building permits slows to 4.3 pct YoY in Jan
EconomyMacroeconomyThe new year started with a slowdown in the growth of building permits in Greece, with total permits rising by 4.3 percent year-on-year (YoY) in January, after closing 2021 with a rise of 18.3 percent in December, according to the latest data released b...
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