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Sharp drop of 4.2 pct in Greek industrial turnover in May
EconomyMacroeconomyThe drop in Greece’s Turnover Index in Industry accelerated to 4.2 percent in May from a revised 0.8 percent decline in April, according to the Hellenic Statistical Authority (ELSTAT). The May... smoothed the 12-month trailing rate. The decrease by 4.2 percent in May reflects a drop in manufacturing
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Building activity up again in May but with smaller rise of 1.9 pct
EconomyMacroeconomyGreek building permits grew for the fourth successive month in May, albeit by a modest 1.9 percent from 6.2 percent in April, according to the Hellenic Statistical Authority (ELSTAT). The May growth.... The other components of building activity showed mixed trends in May with surface easing by 2.7 percent
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Portuguese election: Where those who lost may decide
Agorato pursue the path of reforms,” may have got the impression that everything will continue exactly the same. In fact, that may well happen. Or maybe not? The first change we should acknowledge... last year and made a “clean exit” from the bailout may help to explain it. Moreover, economic activity
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PMI drops to 48.4 in May, new orders down at sharpest pace in 8 months
EconomyMacroeconomyGreece’s Manufacturing PMI fell by 1.3 points to 48.4 in May after rising in the preceding two months, the Markit survey showed on Wednesday. The headline figure for May remains below the 50-point... for Greek manufacturers. Markit noted that the worsening in May largely reflects a solid drop in new
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Car sales surge for second straight month, rising by 33 pct in May
EconomyMacroeconomyin May following a strong rise of 24.5 percent in April, according to Hellenic Statistical Authority (ELSTAT) data published on Wednesday. The absolute figure reached 17,290 in May, which is the highest... to the extension until the end of May of the deadline for the benefit from old car withdrawal
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Minor changes in Greek deposit and lending interest rates in May
EconomyMacroeconomyGreek households’ new time deposit rate slightly eased for the fifth straight month in May, when...) data displayed on Tuesday. The headline figure for May represents a new low since Greece entered.... The interest rate for loans to sole proprietors declined by 4 bps to 7.35 percent in May after
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Building activity plummets 31.5 pct in May
EconomyMacroeconomyby 31.5 percent in May, following a 5.3 percent decline in April, Hellenic Statistical Authority (ELSTAT) data displayed on Friday. The May headline figure is the lowest negative reading since July 2015. In addition, the absolute figure of building permits landed at 849 in May, which the third lowest
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CPI growth slows to 1.2 pct in May
EconomyMacroeconomyΤhe Greek Consumer Price Index (CPI) grew by 1.2 percent in May decelerating from the 1.6 percent.... The May headline figure is the fifth straight positive reading after four years. The core index... movement in May prices largely reflects an increase in alcoholic beverages and tobacco (+7.4 percent
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Industrial production grows 5.4 pct in May after marginal rise in April
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) increased by 5.4 percent in May following upwardly revised growth of 0.8 percent in May, Hellenic Statistical Authority (ELSTAT) data revealed on Monday. The headline figure for May is the eighth successive positive reading, recovering from the growth
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Current account deficit rises by 124.3 mln in May
EconomyMacroeconomyGreece’s current account (C/A) deficit increased by 124.3 million euros to 581.6 million in May... percent to finish at 2.49 billion. Overall the goods deficit stood at 1.52 billion in May. BoG also..., respectively, during May. The BoG noted that no remarkable transactions were recorded under direct
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