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Newsletter 459 - 11/04/2025
in the previous month, however, there are several alarming signs in the data behind the headline number
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Energy leads drop as import price index falls by 0.5 pct YoY in Feb
EconomyMacroeconomyGreece’s import price index posted a marginal drop in February, with a 0.5 percent year-on-year (YoY) decrease, after a 0.1 percent rise in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The previous month was the first growth in import
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Car sales rise 4.9 pct YoY in Mar, down 1.7 pct in Q1
EconomyMacroeconomyVehicles going into circulation for the first time grew by 6.9 percent year-on-year (YoY) in March, after a decrease of 1.2 percent in February, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In March 2024, licences had dropped by 9.2 percent annually. Car sales
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Solid taxes and significant underspend push primary surplus 3.88 bln above target in Q1
EconomyMacroeconomyThe budget primary balance ran a surplus of 4.49 billion euros in Q1, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday. The primary balance came in at 3.88 billion euros above the target. Expenditure, excluding interest payments and the public
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Feb current account deficit improves YoY to 2.49 bln as impact of energy moderates
EconomyMacroeconomyGreece’s current account was in deficit in February of 2.49 billion, from a surplus of 1.2 billion euros in January, Bank of Greece (BoG) data showed. In February 2024, the balance showed a deficit of 3.06 billion euros. The Bank of Greece notes that this is mainly due to an improvement
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Travel surplus shrinks up to Feb as payments rise sharply
EconomyMacroeconomyGreece's travel balance recorded a surplus of 90 million euros in February, compared to 87.5 million euros in January, according to data released by the Bank of Greece (BoG) on Tuesday. The February balance was 25.8 percent lower than the 121.3 million euros recorded in February 2024. Receipts
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Mitsotakis launches mini-support package in bid to create positive momentum
PoliticsGreek Politicsof the excess revenues to the people. The announcement followed the release of fiscal data from 2024
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PM charts course to third term with promises of more handouts
PoliticsGreek Politicspositive budget data from the first couple of months of the year. The Finance Ministry is about
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Building activity starts 2025 with sharp YoY drop of 17 pct in permits
EconomyMacroeconomyBuilding activity started 2025 with a sharp decrease of 17 percent year-on-year (YoY) in January, after a rise of 15.6 percent in December, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Monday. The total number of permits issued in January reached 1,762, from 2,123
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Primary surplus reaches 4.5 bln in March due to property tax collection, significant underspend
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 4.5 billion euros by March, compared to a surplus of 2.99 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday. By March, the budget primary balance
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