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Retail sales rise by 7.4 pct YoY in June, led by fuels
EconomyMacroeconomyGreece’s retail sales continued growing in June with a 7.4 percent year-on-year (YoY) rise, after an increase of 14.3 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index also experienced a solid increase of 5.8 percent YoY. On a monthly
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Producer prices record first rise for 16 months, inching up by 0.1 pct in Jul
EconomyMacroeconomyGreece’s Producer Price Index (PPI) recorded a positive movement in July, rising by 0.1 percent year-on-year (YoY), after falling by 0.7 percent in June, ELSTAT data showed on Friday. This is the first positive reading since February 2023 ending a 16-month streak of contraction. The index had been
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Further loss of manufacturing momentum in Aug, optimism at lowest since 2022
EconomyMacroeconomyGreece’s Manufacturing PMI continued to moderate in August, dropping to 52.9 points, from 53.2 points in July, according to S&P Global data released on Monday. The conditions in the Greek manufacturing sector have been improving since February 2023, however August’s reading is the weakest since
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GDP up by 1.1 pct QoQ, needs 2.8 pct growth in H2 to reach annual forecast
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP accelerated its gains in Q2, rising by 1.1 percent quarter-on-quarter (QoQ), from a 0.8 percent rise in Q1, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday. The Greek economy has been growing continuously QoQ now since Q2
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CPI at 3 pct in Aug, on upward trajectory for three straight months
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) picked up further pace in August with a rise of 3 percent year-on-year (YoY), after an increase of 2.7 percent in the previous month, according to the data released on Tuesday by the Hellenic Statistical Authority (ELSTAT). The average CPI
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Property prices see steady increase of 9.2 pct in Q2, pace of rise moderates further
EconomyMacroeconomyThe growth in the nominal value of apartments in Greece continued at a steady pace in the second quarter of 2024, increasing by 9.2 percent year-on-year (YoY) from an upwards revised 10.6 percent in Q1 2024, Bank of Greece (BoG) data released on Tuesday showed. There has been a gradual slowdown
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Sharp drop in new car sales as vehicle registrations decrease by 5.8 pct in Aug
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time dropped by 5.8 percent year-on-year (YoY) in August, after a rise of 13.8 percent in July, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In August 2023, licences had grown by 12.3 percent annually. Car
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Import prices drop by 1.6 pct YoY in Jul due to energy, as all other categories rise
EconomyMacroeconomyGreece’s import price index turned into contraction in July, dropping by 1.6 percent year-on-year (YoY), after a 4.4 percent rise in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The index recorded more than one year of consecutive negative readings
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Significant underspend pushes 8M primary balance to 7.57 bln
EconomyMacroeconomyThe budget primary balance recorded a surplus of 7.57 billion euros by August, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Tuesday. During the eight months of the year, the primary balance came in 4.26 billion euros above the target. Expenditure
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Concerns about insipid public consultation process highlighted by treatment of climate plan
EconomyFeaturesby The Green Tank analyses the data from 12 years of public consultations through the OpenGov platform
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