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Newsletter 433 - 20/09/2024
by the latest inflation data for the eurozone released by ELSTAT, where HICP in Greece continued to climb
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Current account hampered by goods deficit in July as travel balance drops YoY
EconomyMacroeconomyGreece’s current account was in a 246.2 million surplus in July, from 270 million euros in June, Bank of Greece (BoG) data showed on Friday. In July 2023, the balance showed a surplus of 846.7 million euros. The Bank of Greece notes that this is mainly due to a deterioration in the balance of goods
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Manufacturing and mining growth push industrial turnover up by 11.7 pct YoY in July
EconomyMacroeconomyGreece’s industrial turnover picked up pace in July, rising by 11.7 percent year-on-year (YoY) from a 5.6 percent increase in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. On a rolling 12-month basis, the industrial turnover was up by 1.1 percent
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New measures yet to deliver poll bump for ND as SYRIZA sinks further
PoliticsGreek Politicsa difficult summer for the government. SYRIZA sinking Despite the discouraging data in the poll for the PM
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Credit rating reviews highlight pressure points in economy
Economyto improve conditions is also complicated by the latest inflation data for the eurozone released
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Travel balance drops to 3.76 bln in July as expenditure per trip eases by 9.1 pct YoY
EconomyMacroeconomyGreece's travel balance recorded a surplus of 3.76 billion euros in July, compared to 2.86 billion euros in June, according to data released by the Bank of Greece (BoG) on Monday. July's balance was 5 percent lower than the 3.95 billion euros recorded in July 2023. In July 2022, the balance
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Budget comfortably beats target up to Aug thanks to 2 bln excess taxes, 3.6 bln underspend
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 7.57 billion euros in August, compared to a surplus of 5.6 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesday. Up to August, the budget primary balance
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Diffuse support fuels speculation about change to electoral law
PoliticsGreek Politicsbetween 2.5 and 4 pct. When the data is extrapolated into an election scenario, ND is seen getting
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Building activity remains in contraction for June with 1.7 pct YoY drop
EconomyMacroeconomyBuilding activity remained in contraction in June, with a moderate drop of 1.7 percent year-on-year (YoY), after a sharp drop of 19.6 percent in May, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday. The total number of permits issued in June reached 2,418, from
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Retail sales drop by 0.2 pct YoY in July as fuel leads slide
EconomyMacroeconomyGreece’s retail sales saw a marginal drop of 0.2 percent year-on-year (YoY) in July, after an increase of 7.5 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index also experienced a decline in the form of a 2.8 percent YoY drop. Retail sales
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