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Easter timing pushes retail sales down markedly in May with -4.4 pct YoY fall
EconomyMacroeconomyGreece’s retail sales had a sharp drop of 4.4 percent year-on-year (YoY) in May, after marked growth of 7.4 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The corresponding volume index also had a significant drop of ...
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Trade deficit rises sharply in June as exports continue to fall
EconomyMacroeconomyGreece’s trade deficit rose sharply by 33.2 percent year-on-year (YoY) in June, after a 31.6 percent drop in May, according to data released by ELSTAT on Thursday. The deficit came to 3.14 billion euros for June. Imports totalled 7.08 billion euros, ris...
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Energy continues to drive import price drop as June records 4.7 pct YoY fall
EconomyMacroeconomyGreece’s import price index remained in contraction in June, with a drop of 4.7 percent year-on-year (YoY), after a 4.2 percent decline in the previous month, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. The ind...
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Energy drives 0.5 pct YoY fall in July producer prices as other components rise
EconomyMacroeconomyGreece’s Producer Price Index (PPI) recorded a minor contraction in July, with a drop of 0.5 percent year-on-year (YoY), after an increase of 1.6 percent in June, ELSTAT data showed on Friday. This is the first contraction of the year, following six con...
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Fuels and food drive 0.7 pct YoY fall in Sept retail sales
EconomyMacroeconomyGreece’s retail sales dropped by 0.7 percent year-on-year (YoY) in September, after a strong rise of 5.1 percent in August, Hellenic Statistical Authority (ELSTAT) data showed on Friday. September’s negative reading reversed the recent trend of three co...
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Deposits fall marginally in April as rise for households offsets business drop
EconomyMacroeconomyPrivate sector deposits dropped marginally in April, with a net outflow of 66 million euros, after a rise of 2.08 billion euros in March, according to the latest Bank of Greece (BoG) figures released on Tuesday. The annual growth in April was 5.8 percen...
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Services elevate economic sentiment in June as all other components fall
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued improving in June, with the index at 108.3 points, from 107.7 in the previous month, according to European Commission figures released on Monday. Over the rolling 12-month period, June’s ESI is virtually uncha...
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Trust levels fall again as public perceptions trail economic progress
SocietyTrust in public institutions in Greece has continued to weaken, despite notable improvements in economic performance, administrative modernisation and public integrity frameworks. The 2025 OECD Trust Survey shows that high or moderately high trust in th...
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Tsipras wins vote on 3rd bailout but loses more MPs, raising probability of snap polls
PoliticsGreek PoliticsPappas a psychological barrier below which the coalition could not fall. It is now likely... but this cannot fall below two fifths (120 votes). Theoretically, Tsipras would have to find 151... will have to implement to receive bailout funding. The problem, though, lay within SYRIZA as 32 leftist
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General govt primary cash surplus falls to 2.63 bln in six-month, arrears rise to 5.13 bln
EconomyMacroeconomy. The only subsector to display a fall in arrears in June was local governments, where arrears fell... to come to 325.39 billion, representing the fourth fall this year. June’s figure was largely driven by a decline in Bank of Greece funding by 471 million to 2.85 billion. EFSF/ESM/IMF loans fell by 92
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