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Newsletter 414 - 01/03/2024
prospects. On Wednesday, Kasselakis joined protests in Athens to mark the one-year anniversary... in July last year. Retail sales Retail sales ended last year with a strong seasonal increase of 7.3... pct YoY. For the full year 2023, retail sales recorded an increase of 3.7 pct YoY, down from 12.3
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CPI at 2.9 pct in Feb, food prices up by 6.7 pct
EconomyMacroeconomyof 2.9 percent year-on-year (YoY), after an increase of 3.1 percent in January, according to the data..., there are base effects in this year’s CPI. The price index was in deflation for the 12 months... between April and September last year. The harmonised index of consumer prices (HICP) increased by 3.1
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Trade deficit rises by 2.7 pct in Jan, as exports continue to fall sharply
EconomyMacroeconomyGreece’s trade deficit recorded a rise of 2.7 percent year-on-year (YoY) in January, after... year 2023 showed that the trade deficit decreased by 20 percent, bringing the total to 31.05 billion.... For the full year, imports from EU countries were almost unchanged, up by 0.2 percent to 41.37
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Industrial turnover returns to growth in Jan with 3.2 pct YoY rise, falls sharply MoM
EconomyMacroeconomyGreece’s industrial turnover returned to growth in January, rising by 3.2 percent year-on-year (YoY... to S&P Global. The conditions in the Greek manufacturing sector have been improving for over a year... in negative territory to -4.4 points, dropping by roughly 3 points. Since March last year, industry
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PBO sees 2024 growth of 2.5 pct hinging on RRF and investments
EconomyMacroeconomyand the critical role of the RRF for growth forecasts to materialise. The PBO states that last year’s... the underperforming fixed investments outcome, which fell by 5.7 pct year-on-year (YoY) in Q4, leading... of 1.2 pct over a three-year period. To that end, it is argued that the new minimum wage announced
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Industrial turnover grows by 3.1 pct in Feb, led by mining and domestic market
EconomyMacroeconomyGreece’s industrial turnover remained in growth in February, rising by 3.1 percent year-on-year... in the Greek manufacturing sector have been improving for over a year, with March signalling the fastest..., from -4.2 points in the previous month. Since April last year, industry confidence is now up by 2.2
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Travel balance rises in Feb as arrivals jump by 20.7 pct in first two months
EconomyMacroeconomy, compared to 238.5 million euros in 2023, up 22.2 percent year-on-year. Travel payments rose by 42.3... to 387.2 euros for the period, compared with circa 375 euro a year earlier. Receipts from the EU27... in the first two months of 2024. This compares with 1.21 million in the same period last year.
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Fiscal data for 2023 indicates that 2.1 pct of GDP goal is within reach
EconomyMacroeconomybillion in 2022 to 3.84 billion euros last year. On the other hand, the local government deficit... in 2023, from 85.25 billion euros in the previous year. Loans decreased in 2023 to 254.7 billion euros... that the primary surplus goal for this year will be reached. The challenge for Greek officials this year
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As base effect wears off, producer prices fall by just 0.1 pct in Mar
EconomyMacroeconomypercent year-on-year (YoY), after falling by 4.3 percent in February, ELSTAT data showed on Tuesday. The index had been growing over a two-year period since March 2021, before it turned negative in March last year and has been contraction since, although some of the base effects had been wearing off
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NBG shows strong profitability growth of 38 pct YoY in Q1, with 606 mln NII
EconomyBankingyear-on-year (YoY). Attributable profit was 358 million euros, compared to 260 million euros... PPI was 554 million euros in Q1 vs. 433 million euros in the previous year. Asset quality NPEs were..., from 17.6 percent last year. NBG is also the first bank to regain the investment grade since
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