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Industrial turnover rises by another 22.9 pct in Dec, led by non-domestic market
EconomyMacroeconomyGreece’s industrial turnover remains on a solid recovery path, rising by 22.9 percent year-on-year... in February 2020, when the pandemic struck. The first sign of recovery came roughly one year later... confidence increased by 5.7 points to 13.2. Since February last year, industry confidence has
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Greece voices support for Ukraine as govt counts cost of war's impact on economy, public finances
PoliticsGreek Politicsinflation, even as fuel approaches 2 euros per litre and heating oil is up 38 pct year-on-year... at the Finance Ministry that the main fiscal objectives for the year will be put at risk, particularly... for Greece to achieve a primary surplus of 1.5 pct next year and 2.2 pct thereafter, which translates
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Economic sentiment stable in Feb, consumer confidence improves
EconomyMacroeconomythe previous high in May, when it stood at -22.2 points. It was at -39.5 points in March last year, staying unchanged over the last year. The Employment Expectations Indicator (EEI) came to 114.1... 12-month period. Industry confidence dropped by 3.4 points to 9.8. Since March last year, industry
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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.... This is an increase of 33.9 percent compared with January last year. The latest figure is the worst..., to 1.97 billion euros. The aggregate figure for last year showed that the trade deficit increased
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In first contraction since Oct 2020, Jan IPI falls by 10.9 pct MoM
EconomyMacroeconomyby 0.2 percent year-on-year in January following an upwards revised 8.4 rise in December, according... thanks to the low base effect of the previous year’s strict first lockdown. In October 2020 the index... Since March last year, industry confidence has increased by 17.3 points. In addition, Greece’s
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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... the pandemic struck. The first sign of recovery came roughly one year later, posting growth of 18.2 pct... confidence dropped by 3.4 points to 9.8. Since March last year, industry confidence has increased
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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... the annual growth captures the base effect of restrictions imposed in the previous year and a much-subdued
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IMF urges caution on public finances
Economyattention to the fiscal policy commitments Greek authorities face from this year, while noting... achieved by 2027. This will follow a deficit of less than 2 pct of GDP this year, contingent on the need.... Despite the challenges created by the war in Ukraine, growth this year is still expected to be solid
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Oil drives up trade deficit by 171.8 pct in Feb for highest rise since 2010
EconomyMacroeconomyGreece’s trade deficit continued growing in February, nearly tripling year-on-year, up by 171.8.... This is an increase of 25.4 percent compared with February last year. The latest trade deficit figures... YoY in February, to 1.83 billion euros. The aggregate figure for the first two months of the year
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Industrial production returns to annual growth in Feb, rising by 4.6 pct, after blip
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) recovered in February, rising by 4.8 percent year-on-year (YoY), after having recorded the first contraction after months in January, dropping by 0.2... in April 2021, mainly thanks to the low base effect of the first lockdown a year earlier
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