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Apartment prices fall at slower rate of 7 pct in Q3
EconomyMacroeconomyThe rate of decline in apartment prices slowed for the fifth straight quarter to 7 percent in Q3 2014 from a revised 7.7 percent in Q2, according to the Bank of Greece (BoG). Nevertheless, the Q2 headline figure indicates the twenty-third successive neg...
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Greek economic sentiment and consumer confidence fall sharply in December
EconomyMacroeconomyAfter improving in the preceding two months, Greece’s economic sentiment (ESI) fell by 3.8 points to 98.9 in December from 102.7 in November, according to the European Commission (EC). The ESI figure for December is the lowest reading since Apri, while ...
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Fall in Greek building activity accelerates to 19 pct in October
EconomyMacroeconomyΤhe number of building permits issued in Greece fell for the fifth straight month in October, when they declined by 19 percent from 11.2 percent in September, according to the Hellenic Statistical Authority (ELSTAT). This was the ninth negative reading ...
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Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct
EconomyGreece’s final budget execution data confirmed preliminary figures released on February 12 and showed the primary surplus halved to 443 million euros in January from 835 million last year. The primary surplus figure for January missed the target of 1.37...
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Office prices and rents saw substantial fall in H1 2014
EconomyThe Bank of Greece (BoG) published on Monday for the first time its commercial property price and rent indices. The released data concerns office and retail price and rent levels of prime investment property and cover the period from the first half (H1)...
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Trade deficit plunges by 21 pct in January as exports and imports fall
EconomyMacroeconomyAfter climbing by 26.9 percent in December, Greece’s trade deficit fell 21 percent in January, according to the Hellenic Statistical Authority (ELSTAT). The absolute numbers show the trade deficit reached 1.27 billion in January, which is the second low...
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Greek current account deficit widens to 847 mln in Jan as exports fall further
EconomyMacroeconomyGreece's current account (C/A) deficit widened to 847 million euros in January 2015, more than 2.5 times higher than the previous year, according to the Bank of Greece (BoG). The negative movement by 511 million euros year on year (YoY) reflects deterio...
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Greek PMI edges up in March but exports, factory output fall
EconomyMacroeconomyGreece’s Manufacturing PMI improved for the second straight month by 0.5 points to 48.9 in March from 48.4 in February, according to Markit. However, the March headline figure remained below the 50-point mark for the seventh successive month, while the ...
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Industrial turnover down by 9.8 pct in Feb for fourth straight fall
EconomyMacroeconomyThe Turnover Index in Industry headed south for the fourth straight month in February but at a decelerating pace of 9.8 percent from a downward revised 15.6 percent in January, according to the Hellenic Statistical Authority (ELSTAT). The February rate ...
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Greek stocks down by 11.3 pct for biggest weekly fall of last month
EconomyGreek stocks recorded losses of 11.3 percent this week, which is the highest over the past four weeks. The negative performance fully reflects the drop in the first three sessions of the week. The last two sessions, albeit volatile, closed on positive g...
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