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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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Drop in corporate loan rates led the average loan rate at a new historic low
EconomyMacroeconomy, the time deposit rate climbed to 5 percent amid strong competition mainly led by the smaller banks... on new deposits eased by 1 basis point (bp) to 1.09, largely reflecting a 5 bps drop... considerable drop by 52 bps to 5.59 percent for loans up to 250,000 euros. For higher loan amounts
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Industrial turnover on downward trend again after 2.8 pct drop in Oct
EconomyMacroeconomy. The recorded drop in October compares with a very low reading in the corresponding period last year, when... in October is entirely attributed to a drop of 3.2 percent in manufacturing turnover, while mining... performance was more than offset by a drop in consumer non-durables (-8.3 percent) and intermediate goods
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General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln
EconomyMacroeconomya strong increase in taxes by 3.84 billion to 42.35 billion, while social contributions rebounded at a slower pace of 595 million to 17.94 billion. This solid performance was mitigated by a drop... the previous month, which is the sharpest drop in 2016. The outstanding amount landed at 5.6
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Led by a sharp drop in food sales, retail contracts by 1.4 pct YoY in Apr
EconomyMacroeconomyGreece’s retail sales resumed the contraction in April with a 1.4 percent year-on-year (YoY) drop, after a strong rebound of 11.1 percent in March, Hellenic Statistical Authority (ELSTAT) data showed... drop in food and beverages by 19.9 percent YoY, while supermarkets sales were also down by 2.9
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Building activity's upward course halts in May with 19.6 pct YoY drop
EconomyMacroeconomyThe strong start to the year for building activity halted in May, with a sharp drop of 19.6 percent... of Western Macedonia with a rise of 5.7 percent. The biggest drop was recorded in Central Greece... a significant drop to 7.6 points, from 15.6 points previously. The index is currently up by 14 points
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Electricity drives drop of 4.3 pct YoY in Apr industrial production
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) fell sharply in April with a drop of 4.3 percent year... recorded a rise of 0.5 percent. The annual movement in the index reflects a drop in all components, with 1.1 percent in manufacturing, a 19.5 percent decrease in electricity supply, 5.4 percent drop
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Q3 unemployment in Greece still at 27 pct despite strong tourism season
EconomyMacroeconomythe strong tourism season. Attica’s rate stands marginally rose to 28.2 percent in Q3 (from 28.1 in Q2... in 2013 also easing by 1 percentage point in 2014, with the Bank of Greece also estimating a similar drop
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Strong start for Greek stocks but they end week down 3.4 pct
EconomyDespite a strong rebound on Monday, the Greek equity market traded on negative ground in the following sessions, ending the week down 3.4 percent. The initial positive reaction in the aftermath... October 21 and landed at 677.43 on Friday. This week’s negative performance follows a drop by 1.6
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Slight rise of 0.3 pct in March retail sales after strong growth in February
EconomyMacroeconomyseven months. Meanwhile, the corresponding volume fell by 1 percent in March after a strong... have declined by 36.3 percent, reflecting a similar drop in household disposable income, largely due
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