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Jan delivers most negative hiring balance since 2017
EconomyMacroeconomyGreece’s employment balance turned negative in January, with 27,611 more departures than hires, according to data from the Labour Ministry’s Ergani information system. The hiring balance in January last year was -25,804, suggesting a deterioration of 1,...
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Trade deficit drops 21.9 pct YoY in Jan, reflecting base effects
EconomyMacroeconomyGreece’s trade deficit opened 2023 with a drop year-on-year (YoY), falling by 21.9 percent, after a drop of 10.6 percent in December, according to data released by ELSTAT on Friday. The deficit came to 2.36 billion euros for January. Imports totalled 6....
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Industrial production up by 0.5 pct in Jan, electricity supply drops
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) turned marginally positive in January, growing by 0.5 percent year-on-year (YoY), after falling by 1.4 percent in December, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. January’...
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Import prices stabilise at high levels in Jan with rise of 0.4 pct YoY
EconomyMacroeconomyGreece’s import price index barely moved in January, as it rose by just 0.4 percent year-on-year (YoY), after a rise of 11 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. The index peaked in Apr...
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Industrial turnover rises 17.7 pct YoY in Jan, but falls sharply MoM at home and abroad
EconomyMacroeconomyGreece’s industrial turnover remained strong in January, rising by 17.7 percent year-on-year (YoY), from 16.6 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday. However, the index has been posting m...
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Current account deficit narrows to 125.2 mln in Jan on higher exports, moderate fuel impact
EconomyMacroeconomyGreece’s current deficit opened 2023 with a narrow current account deficit of 125.2 million euros, from 2.66 billion euros in December, Bank of Greece (BoG) data showed on Thursday. In January 2022, the balance showed a deficit of 2.12 billion euros, wh...
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Strong start for travel receipts in Jan, rising by 72 pct YoY to 224.2 mln
EconomyMacroeconomyGreece’s travel balance recorded a surplus of 26.3 million euros in January, from 71 million euros in December, according to Bank of Greece (BoG) data released on Tuesday. January’s balance was 40.2 percent lower from the 44 million euros registered in ...
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Retail turnover grows by 10.8 pct in Jan, volumes of food and fuel sales drop
EconomyMacroeconomyThe growth in Greece’s retail sales picked up pace in January, rising by 10.8 percent year-on-year, after an 8.8 percent increase in December, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index rose by just 1.4...
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Economic sentiment up in Jan, consumer confidence plunges by 6 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) experienced a solid recovery in January, rising by 1.4 points to 107.2, after an increase of 0.4 points in December, according to European Commission figures released on Tuesday. This is the highest sentiment reading si...
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Manufacturing grows strongly in Jan, sentiment reaches pre-Covid levels
EconomyMacroeconomyGreece’s Manufacturing PMI recorded solid gains in January, rising to 54.7 points from 51.3 points in December, according to S&P Global data released on Thursday. The conditions in the Greek manufacturing sector have been improving for one year, gaining...
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