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  1. PMI jumps to 58 points in May, strongest upturn in 20 years
    Photo by James Montgomerie via Flickr https://flic.kr/p/jY8Sn

    EconomyMacroeconomy

    Greece’s manufacturing PMI rose to 58 points in May from 54.4 points in April, signalling... for the series began in November 2002. The data in May indicated that there was a steep increase... months of decline. Costs for goods producers continued soaring in May due to material shortages

    13%

  2. Deposits edged up further as they rose by 359 mln in May
    Photo by MacroPolis

    EconomyMacroeconomy

    million euros in May, compared with inflows of 3.13 billion euros in April, Bank of Greece (BoG) figures... deposits of 56.2 billion euros. In May last year, net deposit movement was positive by 1.72 billion euros. A breakdown of the figures revealed that sight deposits rose by 810 million euros in May. Savings

    13%

  3. Current account shows deficit of 1.4 bln in May as imports rise
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    Greece posted a current account (C/A) deficit of 1.4 billion euros in May compared to 2.08 billion euros in April, Bank of Greece (BoG) data showed on Wednesday. In May 2020, the balance showed...-on-year (YoY). According to the BoG, May’s performance is mainly due to a worsening in the balance

    13%

  4. Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
    Finance Ministry

    EconomyMacroeconomy

    billion euros. The budget balance up to May came to a deficit of 4.07 billion euros, from a 10.8-billion-euro deficit in May 2021. The overall deficit is better than the target by 2.43 billion euros..., above the target by 574 million euros. Expenditure In May, overall expenditure stood at 26.35 billion

    13%

  5. Trade deficit jumps by 84.7 pct in May, reaching 14.7 bln for 2022
    Photo via Flickr https://flic.kr/p/oDf3bQ

    EconomyMacroeconomy

    The rise in Greece’s trade deficit accelerated in May, jumping by 84.7 percent year-on-year (YoY... percent YoY. Exports totalled 4.78 billion euros. This is an increase of 47.9 percent compared with May... the value of oil products and ships, the trade deficit rose by 64.8 percent YoY in May, to 2.53 billion

    13%

  6. Monthly and volume retail sales data shrink in May, reflecting cost-of-living crisis
    Photo by Panayotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    The growth in Greece’s retail sales experienced a significant slowdown in May, rising by 5.1... in May decreased by 4.2 percent YoY, after having increased by 10 percent in April. Compared to May... points seen in August last year. The recovery trend that had started last year reversed in May 2021

    13%

  7. Car sales pick up pace in May, up 13.8 pct in first five months
    Photo by MacroPolis

    EconomyMacroeconomy

    Road motor vehicles going into circulation for the first time accelerated in May, rising by 5.6... Statistical Authority (ELSTAT) data released on Tuesday. In May 2022, the year-on-year change was a 21.3 percent rise. Car sales in May came to 22,877 compared to 21,655 in 2022, a rise of 5.6 percent

    13%

  8. VAT, income taxes help push May budget primary balance above target by more than 3 bln
    Finance Ministry

    EconomyMacroeconomy

    The budget primary balance in May was confirmed to be a surplus of 2.3 billion euros, compared... to May showed a deficit of 1.12 billion euros, from a 4.07-billion-euro deficit in 2022. The overall..., 459 million more than the target. Expenditure In May, overall expenditure stood at 27.37 billion

    13%

  9. Credit growth slows to 3.1 pct in May, as flow to corporations contracts
    Photo via https://flic.kr/p/5Yb76K

    EconomyMacroeconomy

    The pace of credit movement in the Greek private sector continued to slow in May, rising by 3.1... the trend had been declining since and May was half the previous high. The net lending flow was negative by 275 million euros in May, after a 789 million euros drop in April. The outstanding balance

    13%

  10. Economic sentiment improves further in May, consumer confidence dips
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s economic sentiment (ESI) moved up in May, reaching 111 points, from 108.6 points... of the previous high of August 2023. Over the rolling 12-month period, the ESI in May is up 1.7 points from June last year. The average ESI in the EU stood at 96.5 points in May, from 96.2 points

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