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PMI rebounds strongly to 53.2 points in Dec but cost concerns persist
EconomyMacroeconomyGreece’s Manufacturing PMI recorded a strong rebound in December, rising to 53.2 points, from 51.2 points in November, according to S&P Global data released on Thursday. The conditions in Greek manufacturing at the end of 2024 improved at the fastest pace since the summer thanks to improved demand
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CPI at 2.6 pct in Dec, housing costs climb by 3.7 pct
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) picked up slightly in December with a rise of 2.6 percent year-on-year (YoY), from 2.4 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month
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Energy prices drive 2.8 pct YoY import price drop, as non-durable goods rise
EconomyMacroeconomyGreece’s import price index contraction moderated further in November, dropping by 2.8 percent year-on-year (YoY), after a 5.5 percent drop in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. The index recorded more than one year
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Car sales rise by 2.4 pct in 2024 as market slows down
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time were virtually unchanged in December, dropping by 0.2 percent year-on-year (YoY), after an increase of 1 percent in November, according to Hellenic Statistical Authority (ELSTAT) data released on Wednesday. In December 2023, licences had
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Newsletter 447 - 17/01/2025
of offers in a similar issuance in January a year ago. The qualitative data of the transaction is also
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Budget reaches 8.63 bln primary surplus in 2024 thanks to tax outperformance and underspend
EconomyMacroeconomyThe budget primary balance closed the year with a surplus of 8.63 billion euros up to December, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday. For the full year, the primary balance came in 3.99 billion euros above the target. The ministry notes
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Current account deficit widens to 3.15 bln in Nov, at 11.52 bln in 11M
EconomyMacroeconomyGreece’s current account remained in deficit in November, widening to 3.15 billion, from 383.2 million euros in October, Bank of Greece (BoG) data showed on Monday. In November 2023, the balance showed a deficit of 3.18 billion euros. The Bank of Greece notes that this is mainly due
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Despite lower spend per trip, record arrivals push travel balance to 18.77 bln in 11M
EconomyMacroeconomyGreece's travel balance recorded a surplus of 419.9 million euros in November, compared to 1.94 billion euros in October, according to data released by the Bank of Greece (BoG) on Tuesday. The November balance was 82.7 percent higher than the 229.9 million euros recorded in November 2023
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Building activity resumes growth in Oct, permits up 15.8 pct in 10M
EconomyMacroeconomyBuilding activity resumed growth in October, with an increase of 5.9 percent year-on-year (YoY), after a marginal drop of 0.9 percent in September, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Tuesday. The total number of permits issued in October reached 2,640
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Producer prices drop 0.8 pct YoY in Dec, down 2.2 pct in 2024
EconomyMacroeconomyGreece’s Producer Price Index (PPI) remained in contraction in December, although it moderated further to 0.8 percent year-on-year (YoY), after a decline of 1.2 percent in November, ELSTAT data showed on Thursday. July this year provided the first positive reading since February 2023, producer
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