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Growth in producer prices slows further to 4.7 pct as food products jump by 12.6 pct
EconomyMacroeconomyThe pace of Greece’s Producer Price Index (PPI) slowed significantly in February, when it rose by 4.7 percent year-on-year (YoY) compared to 13.5 percent in January, ELSTAT data showed on Thursday... by 9.1 percent. It has been growing ever since, gathering pace over a two-year period. This has taken
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Industrial production growth accelerates to 5.2 pct in Feb, electricity supply contracts again
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) picked up strength in February, rising by 5.2 percent year-on-year (YoY), from just a marginally positive 0.8 percent in January, according to Hellenic... year, industry confidence is down by 1.1 points. In addition, Greece’s Manufacturing PMI remained
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Disposable income rises by 10.9 pct in Q4
EconomyMacroeconomyHousehold disposable income increased by a solid 10.9 percent year-on-year (YoY) in the fourth quarter (Q4) of 2022, from a 10.2 percent rise in the third quarter (Q3), according to Hellenic..., from 31.52 billion euros a year ago. A rise of 18.8 percent was noted in other current transfers
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Building activity starts 2023 with solid growth of 22 pct for permits
EconomyMacroeconomyBuilding permits started 2023 on a solid footing, thanks to a rise of 22.1 percent year-on-year (YoY) in January, after increasing by 16.1 percent in December, according to the data released... issued in Western Macedonia with 11. During the full year 2022, permits are up by just 5 percent YoY
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Newsletter 378 - 28/04/2023
the four-year term. ND officials hope that the pledges set out by the PM will help the party build... sentiment continued on an improving trajectory, which started in November last year, and grew by some... pct. During last year, building activity had a very modest rise of 5 pct, slowing down from the almost
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Producer prices drop in Mar for the first time in over 2 years, led by energy
EconomyMacroeconomyGreece’s Producer Price Index (PPI) contracted for the first time since January 2021, turning negative by 10.9 percent year-on-year in March, from 4.7 percent in February, ELSTAT data showed... by 9.1 percent. It had been growing ever since, gathering pace over a two-year period. This has
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Manufacturing continues to grow in April, sector sentiment highest since Jan 2022
EconomyMacroeconomyfor a year. Firms also increased capacity to meet higher production demands. Overall, business confidence of Greek manufacturers rose to the highest since January last year, stemming from increased client... creation accelerated to the fastest for a year,” noted S&P analysts. “Despite softer foreign demand
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Despite marginal rise in Mar, Q1 trade deficit down 19 pct, exports up 17.8 pct
EconomyMacroeconomyeffect as the trade deficit had already started widening by the end of 2021. As a measure, the year-on-year growth of March 2022 was 20.8 percent. The geographical breakdown shows that imports from EU... and ships, the aggregate deficit was down by 11.6 percent, at 5.49 billion euros. Year to date
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Risk of poverty drops to 26.3 pct, reflecting post-Covid rebound
SocietyThe latest poverty data from ELSTAT covering 2022, using 2021 as reference year, was published... old with 28.1 percent and the least in over 65-year-olds with 21 percent. After a two-year rise... 5.8 in the previous year. The richest 20 pct in 2022 held 45.3 percent of income, while the lowest
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Industrial production drops 0.2 pct in March on back of 28.1 pct electricity supply decline
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) lost momentum in March as it decreased by 0.2 percent year-on-year, after it had picked up strength in February, rising by 5.2 percent according to Hellenic... points after six months of negative readings. Since May last year, industry confidence is down
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