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Manufacturing PMI falls to record low in July, new business sees biggest drop
EconomyMacroeconomy. The drop in output, the seventh in successive months, is attributed to: a) Diminishing production... that further weighed on sales. On top of this, a considerable and accelerated drop in new export orders... mainly led by the difficulty in receiving items from abroad. Another strong negative implication
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Industrial turnover dives 18.9 pct in Oct, highest drop over last six years
EconomyMacroeconomyThe drop in Greece’s Turnover Index in Industry accelerated to 18.9 percent in October from.... The October headline figure is the biggest drop over the last six years, the 12th straight negative reading and the fifth successive double-digit drop. In addition, the trailing index of the industrial
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Drop in retail sales accelerates to 1.8 pct YoY in Aug, fall in volumes sharper
EconomyMacroeconomyled by a strong drop of 24.9 percent in food and beverages, while household equipment was down...Greece’s retail sales saw an accelerated drop of 1.8 percent year-on-year (YoY) in August, after..., the seasonally adjusted index dropped by 0.8 percent, after a 2.4 percent drop in the previous month
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Industrial production records marginal drop of 0.1 pct YoY in Feb due to electricity supply
EconomyMacroeconomysince March 2024 when it had the last recorded drop of 0.6 percent. Month-on-month (MoM), the seasonally adjusted index in February recorded a sharp drop of 3.3 percent, after a drop of 0.8 percent..., tobacco products, and food. These were offset by a drop of 5.2 percent in mining. The monthly
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The cat is out of the bag: Europe's politics is a mess
Agoraby strong words and weak actions. Renzi now faces the possibility that his country’s banks.... In eastern Europe, Hungarian Prime Minister Viktor Orban’s ideas regarding illiberal democracy appear
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Despite ongoing row with SYRIZA, Kammenos not preparing for early departure
PoliticsGreek PoliticsSalvini and Hungarian Prime Minister Viktor Orban, arguing that the leftist party should end its association with him immediately. This criticism, including from SYRIZA-friendly media, drew a strong
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Athens wary of North Macedonia PM's intentions, hopes for EU support over name issue
PoliticsForeign Policyto her country as Macedonia while she took the formal oath of office. This sparked a strong reaction... in the Balkans and in the EU. The new leadership in Skopje has close relations with Hungarian Viktor Orban
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Car sales drop 2.5 pct in May for second successive month
EconomyMacroeconomyfor the second straight month in May but at a slower pace of 2.7 percent after a drop of 7.5 percent in April.... Passenger cars fell at a sharper pace of 6.5 percent in May following a broadly similar drop of 7.3... recorded in 2015 and stood at 128,910. However, in spite of the strong cumulative rebound by 66
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Sharp drop in corporate deposits drives 5.18-bln-euro drop in Jan
EconomyMacroeconomyThere was a significant movement in the Greek banking system’s private sector deposits during January, with a net drop of 5.18 billion euros, after a jump of 6.33 billion euros in December, according to the latest Bank of Greece (BoG) figures released on Thursday. December has a strong seasonal
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General gov't primary cash surplus markedly better in July but arrears climb
EconomyMacroeconomydeterioration posting a deficit of 395 million in the 7-month period compared to a surplus of 812 million...-a-vis a surplus of 359 million in the corresponding period last year. The latter reflects a drop... MoM to 313.17 billion reflecting: 1) A drop in Greek government bonds (GGBs) by 3.55 billion
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