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  1. Trade deficit to July eased by 17.4 pct to 11.2 billion euros

    EconomyMacroeconomy

    compared to the 18.8 percent decline recorded in the first half of the year. The drop in July reflects... figures excluding the oil impact indicating a drop in both accounts at 4.8 and 5.8 percent.... The impact of oil bill was more pronounced in 7-month exports, which exhibited a 2.6 percent drop

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  2. Greece’s building activity remained in deep red for August

    EconomyMacroeconomy

    to August also points to a sharp drop of 35.8 percent in permits, 34.8 percent in surface and 31.6... decline are Epirus and the Ionian Islands, which experienced a drop in excess of 55 percent over... and the Peloponnese, where it was just shy of 40 percent. Furthermore, the recorded drop in the Attica

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  3. Industrial turnover index falls 8 pct in September, new orders also down

    EconomyMacroeconomy

    economy. It is also noteworthy that on a twelve-month trailing basis both indices are recording a drop of 1.9 and 3.9 percent respectively. The drop in the industrial turnover in September reflects... a double-digit drop (down 15.7 percent and 15.5 percent respectively). A similar pattern was broadly

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  4. Trade deficit soared 27.4 pct in Sept, down 13.6 pct for year

    EconomyMacroeconomy

    Authority (ELSTAT). The change to September shows a sustained deceleration since the drop in the trade... an increase in imports by 7.9 percent to 4.03 billion euros, coupled with a 2.2 percent drop in exports... exhibited a 2.3 percent drop excluding the oil products, and much milder in imports - just 1.6 percentage

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  5. Revenues at 4.77 bln in Oct, beating target for fourth straight month

    Economy

    recession is taking its toll on indirect taxes with key elements showing a low double-digit drop... in October and 11.1 percent to October) with the drop in VAT just shy of 10 percent for both periods... and -8.4 percent to October. The drop in grants to the social security sector decelerated to 13.1

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  6. Greek retail sales tumbled another 6.4 pct in September

    EconomyMacroeconomy

    ). A broadly similar trend and drop of 5.4 percent was also evident in retail volumes. The decline in 2013 continues unabated following an average annual drop of 11.0 and 7.2 percent in 2012 and 2011... at 8.1 and 6.2 percent drop respectively. On the contrary, for the other key sectors namely, food

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  7. Building activity in Greece fell by nearly 40 pct in year to September

    EconomyMacroeconomy

    to September also points to a sharp drop of 34.1 percent in permits, 34.0 percent in surface and 32.1... and the Ionian Islands, which experienced a drop in excess of 51 percent over the trailing twelve.... Furthermore, the recorded drop in the Attica (Athens, Piraeus and suburbs) region, accounting for 22 percent

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  8. Greece saw first annual deflation in almost half a century in 2013

    EconomyMacroeconomy

    The drop in Greece’s Consumer Price Index (CPI) decelerated to 1.7 percent in December after... as education are the two sectors mostly hit by deflation showing a drop ranging from 4.0 to 4.6 percent... and catering by 10 percentage points to 13 percent from 23 percent as of August 1 resulted in a drop

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  9. Building activity posts first rise in 20 months but overall picture grim

    EconomyMacroeconomy

    to a sharp drop of 31.2 percent in permits. As expected, the bulk of total building activity (more... and the Ionian Islands, which experienced a drop of 53 and 49 percent respectively over the trailing.... Furthermore, the recorded drop in the Attica (Athens, Piraeus and suburbs) region, accounting

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  10. A macroeconomic assessment of the Cypriot economy after the haircut
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    anticipated drop in consumption and GDP as the impact of reduced nominal salaries on consumption has... is a temporary rather than a permanent drop in income, and because they do not consider bank deposits... drop in GDP so far. The above answers to the first question have important implications

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