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Jan sees sharp drop of 5.24 bln in deposits, led by corporations
EconomyMacroeconomyThe net private sector deposits in the Greek banking system contracted significantly in January with a drop of 5.24 billion euros, after a 6.38 billion euros jump in December, based on the latest Bank of Greece (BoG) figures released on Tuesday. The ann...
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Credit expansion slows in Jan with 2.73 bln outflow
EconomyMacroeconomyThe credit expansion in the Greek private sector slightly slowed in January, rising by 3 percent year-on-year (YoY), up from 3.6 percent in December, Bank of Greece (BoG) figures released on Tuesday showed. At 6.3 percent, last December’s growth was the...
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Producer prices drop for 11 months straight, down 6.6 pct in Jan
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for eleven successive months in January, dropping by 7 percent year-on-year (YoY), after falling by 6.6 percent in December, ELSTAT data showed on Thursday. The index had been growing over a two-year period...
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Unemployment rate climbs back above 10 pct in Jan
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate stayed above 10 percent in January, landing at 10.4 percent, Hellenic Statistical Authority (ELSTAT) data showed on Friday. December’s unemployment rate was an upwards revised 10.4 percent, from 9.2 pe...
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Catering and retail contribute to worst employment balance on record in Jan
EconomyMacroeconomyGreece’s employment balance was negative in January, with 31,977 more departures than hires, according to data from the Labour Ministry’s Ergani information system. The hiring balance in January last year saw 27,611 more departures, a year-on-year deter...
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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 a decline of 11.3 percent in December, according to data released by ELSTAT on Friday. The deficit came to 2.54 billion euros for January. Imports totalled 6.55 b...
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Industrial production grows by 10.3 pct in Jan, boosted by electricity supply
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) accelerated further in January, growing by 10.3 percent year-on-year (YoY), after a 4.5-percent rise in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. After th...
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Import prices reach one year of contraction with 6.4 pct drop in Jan
EconomyMacroeconomyGreece’s import price index stayed in contraction in January, falling by 6.4 percent year-on-year (YoY), after dropping by 8.7 percent in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. The consecutive ne...
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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) from a 7.1 percent decrease in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. This is the first posit...
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Jan current account in surplus, trade balance worsens as exports drop again
EconomyMacroeconomyGreece’s current account recorded a surplus of 1.7 billion euros in January, from a deficit of 2.25 billion euros in December, Bank of Greece (BoG) data showed on Friday. In January 2023, the balance showed a deficit of 161.5 million euros. The Bank of ...
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