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Manufacturing continues to expand in April, firms remain optimistic
EconomyMacroeconomyGreece’s Manufacturing PMI remained in expansion in April, though it dropped to 55.2 points from 56.9 points in March, according to S&P Global data released on Wednesday. The conditions in the Greek manufacturing sector have been improving for more than a year. Although this is the lowest print
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Industrial production records first contraction since Aug 2023, down 0.6 pct in Mar
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) turned negative in March with a contraction of 0.6 percent year-on-year (YoY), after a significant slowdown to 1.6 percent in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. After three consecutive drops
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Poll numbers encouraging for Mitsotakis and Kasselakis on road to EP vote
PoliticsGreek Politicsis also highlighted in the data. The social democrats garner 11 pct, whereas in December their support had
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CPI at 3.1 pct in Apr as food inflation refuses to drop
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) was essentially unchanged in April, with a rise of 3.1 percent year-on-year (YoY), after an increase of 3.2 percent in March, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling
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Import price index up by 1.3 pct YoY in Mar for first rise in 13 months
EconomyMacroeconomyGreece’s import price index resumed growth in March, rising by 1.3 percent year-on-year (YoY), after dropping by 2.8 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. The consecutive negative readings stopped at 13 months as February 2023
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Primary balance at 3.25 bln in Apr, above target thanks to favourable timing
EconomyMacroeconomyThe budget primary balance recorded a surplus of 3.25 billion euros in April, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Wednesday. Up to April, the primary balance outperformed by 2.62 billion euros above the target. Expenditure, excluding interest
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Vehicles licences jump by 36.3 pct in Apr thanks to strongest car sales since 2010
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time grew by a strong 36.3 percent year-on-year (YoY) in March, after a contraction of 9.2 percent in March, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In April 2023, licences had grown by a modest 1.1
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Q1 current account deficit widens to 4.15 bln as exports continue to shrink
EconomyMacroeconomyGreece’s current account recorded a deficit of 2.69 billion euros in March, from a deficit of 3.1 billion euros in February, Bank of Greece (BoG) data showed on Tuesday. In March 2023, the balance showed a deficit of 2.4 billion euros. The Bank of Greece notes that this is mainly due
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Seasonal jobs for chefs, waiters and cleaners propel April hiring balance to highest on record
EconomyMacroeconomyGreece’s employment balance had another strong month in April, with 132,352 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in April last year saw 123,059 more hires, a year-on-year improvement of 9,273 jobs. April’s balance
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From pipe dreams to power cables: the changing map of Greece's energy ambitions
Agorathe assumption of cross-border demand is remains to be seen, with 2023 data suggesting
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