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Retail turnover drops by 5.3 pct in May, volume drops by 5.8 pct
EconomyMacroeconomyGreece’s retail sales index decreased sharply by 5.3 percent in May following a sharp drop of 24.5... month. Compared to May 2019, the main decreases in turnover were seen in automotive fuel...). The monthly seasonally adjusted (SA) retail sales index in May rose by 26.2 percent compared to April
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Primary cash balance deficit at 8.23 bln in May
EconomyMacroeconomy, revenue rose by 496 million euros in May compared with a year earlier and came to 2.77 billion euros... billion euros from last year, coming to 16.5 billion euros. Expenditure for May rose by 595 million euros... of 474 million euros compared to a deficit of 638 million in May last year. The aggregate PIB balance
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Budget primary deficit at 8.14 bln by end-May, almost 1 bln off target
EconomyMacroeconomyMinistry (MoF) budget execution bulletin for May showed on Monday. The primary balance came short... billion euros compared to a deficit of 7.49 billion euros up to May last year. For the current aggregate... to May. These include the expenditure of the special purpose compensation (of employees) of about 1.65
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Industrial production up by 14 pct YoY in May
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) increased by 14 percent year-on-year (YoY) in May..., after rising sharply by 12.9 points in May. Year-on-year, industry confidence has jumped by 21.1... in June reached 58.6 points, from 58 points in May, signalling the ongoing improvement in market
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CPI leaps by 11.3 pct in May as food and energy prices rise
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) continued its record-breaking rise in May, increasing by 11.3.... The prices index was in deflation for the 12 months prior to May 2021, when CPI posted a marginal.... In May, the annual CPI movement was led by a 12.1 percent increase in food and non-alcoholic beverages
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Budget primary balance to May beats target by wide margin, taxes continue to outperform
EconomyMacroeconomy. The budget balance up to May showed a deficit of 4.06 billion euros, from a 10.8-billion-euro deficit in May 2021. The overall balance is better than the target by 2.44 billion euros. Revenues Net revenues.... Tax refunds came to 2.18 billion euros, 574 million euros above target. Expenditure Up to May
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Industrial production on up again in May as manufacturing expansion triggers 3.2 pct rise
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) resumed its recovery in May, rising by 3.2 percent year...-on-month (MoM), the index recorded a rise of 2.4 percent in May, after a drop of 9.1 percent MoM in April..., from 5.8 points in May. Since July last year, industry confidence is down by 7.5 points. In addition
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Energy products drive import price to second highest ever growth of 37.3 pct in May
EconomyMacroeconomyGreece’s import price index grew at a solid pace in May, posting another rise of 37.7 percent year... of the index also accelerated to 28.6 percent, from 27.3 percent in the previous month. In May.... The latest producer price in industry for May shot up by 43 percent, although it had the first month
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Subdued start for building activity as permits record back-to-back drop in May
EconomyMacroeconomyThe decline in building permits slowed in May, falling by just 0.4 percent year-on-year (YoY), after a 10 percent decline in April, according to the latest data released by the Hellenic Statistical... and strictest lockdown. The total number of permits issued in May reached 2,220, from 2,229 in May 2021
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Mitsotakis sets May 21 election date, eyes opposition MPs as potential allies
PoliticsGreek PoliticsKyriakos Mitsotakis announced on Tuesday that elections will take place on May 21, just hours after... will take place on the third Sunday in May. He indicated that if a second vote is needed, it would take... deputies will likely drive a hard bargain to join the government and may choose to leverage their influence
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