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Solid April for travel receipts, improving balance by 3.5 pct YoY in 4M
EconomyMacroeconomyGreece's travel balance recorded a surplus of 778.6 million euros in April, compared to 220.9 million euros in March, according to data released by the Bank of Greece (BoG) on Monday. The April balance was 16.9 percent higher than the 66 million euros recorded in April 2024. Receipts for the month
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Strong income tax revenues and contained spending maintain budget outperformance in May
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 5.34 billion euros up to May, compared to a surplus of 3.2 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Wednesday. In the period, the budget primary balance
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Newsletter 468 - 27/06/2025
are also positive as the latest data released this week regarding travel receipts showed that April
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Building activity collapses by 41.3 pct YoY in Mar due to uncertainty over construction code
EconomyMacroeconomyBuilding activity tumbled in March with a collapse of 41.3 percent year-on-year, after a sharp drop of 21.9 percent YoY seen in February, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday. The total number of permits issued in March reached 2,206, from 3,756
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Rise in producer prices accelerates to 2 pct YoY in May for fifth straight increase
EconomyMacroeconomyGreece’s Producer Price Index (PPI) picked up pace in May, with a rise of 2 percent year-on-year (YoY), after an increase of 0.5 percent in April, ELSTAT data showed on Monday. This is the fifth consecutive positive reading after a period of contraction that started in March 2023. The index had
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PMI remains in expansion at 53.1 in June, though firms see export and cost challenges
EconomyMacroeconomyGreece’s Manufacturing PMI was again virtually unchanged in June at 53.1 points, from 53.2 in the previous month, according to S&P Global data released on Tuesday. The manufacturing sector continued to expand in June mostly thanks to domestic business, as new export orders fell at a slightly faster
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Waiters and chefs lead May hiring balance to highest on record
EconomyMacroeconomyGreece’s employment balance was strong as is usually the trend in May with 137,841 more hires than departures, according to data from the Labour Ministry’s Ergani information system. The hiring balance in May last year was also strong, with 126,660 more hires. This led to a year-on-year rise
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Newsletter 469 - 04/07/2025
a rise of 1 pct. Pharmaceuticals increased by 14.3 pct YoY. The data has a strong seasonal
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CPI captures rise in housing costs with 7.2 pct YoY increase, headline up 2.8 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) picked up further pace in June with a rise of 2.8 percent year-on-year (YoY), from 2.5 percent in the previous month, according to the data released on Wednesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period
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Car sales rise by 6 pct YoY in Jun, up 3.1 pct in first half of year
EconomyMacroeconomyVehicles going into circulation for the first time rose by 13.4 percent year-on-year (YoY) in June, after an increase of 16.3 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In June 2024, licences had increased by 3.6 percent annually. Car sales in June
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