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Manufacturing continues to improve, but June PMI weakest of year
EconomyMacroeconomyGreece’s Manufacturing PMI continued to moderate in June, dropping to 54 points, from 54.9 points in May, according to S&P Global data released on Monday. The conditions in the Greek manufacturing sector have been improving for more than a year, however June’s reading is the weakest in 2024. New
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Six-day work week triggers opposition attack on labour reforms
PoliticsGreek Politicsduring the week and may experience periods of exceptional pressure, such as retail. There is a specific
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Growth in vehicle sales remains subdued in June, H1 up by 6.5 pct YoY
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 3.6 percent year-on-year (YoY) in June, after a drop of 0.8 percent in May, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In June 2023, licences had grown by 9.2 percent annually. Car sales
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Led by energy, producer prices drop by 0.7 pct YoY in June
EconomyMacroeconomyGreece’s Producer Price Index (PPI) remained in contraction in June, dropping by 0.7 percent year-on-year (YoY), after falling by 1.4 percent in May, ELSTAT data showed on Tuesday. The index had been growing over a two-year period since March 2021, before it turned negative in March last year
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June unemployment rate at 9.6 pct as seasonality favours labour market
EconomyMacroeconomypercent unemployment rate in May 2008. Year-on-year, the number of employed people increased
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Athens fears Middle East instability, joins others to push for change in EU's Syria policy
PoliticsForeign Policysources believe that the proposal may be discussed first at the Political and Security Committee
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Opposition demands scrutiny of surveillance verdict by Parliament
PoliticsGreek Politicssuggests that events may prove a catalyst for bringing the fractured left and centre-left space closer
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Trade deficit moderates in June, up 10.5 pct YoY in H1
EconomyMacroeconomyGreece’s trade deficit recorded a drop of 9.8 percent year-on-year (YoY) in June, after a solid rise of 13.6 percent in May, according to data released by ELSTAT on Wednesday. The deficit came to 2.35 billion euros for June. Imports totalled 6.61 billion euros, dropping by 2.5 percent YoY. Exports
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Inflation up to 2.7 pct in July as housing costs keep rising
EconomyMacroeconomyindex was in deflation for the 12 months prior to May 2021, when the CPI posted a marginal increase
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Energy leads import price jump of 4.4 pct YoY in June
EconomyMacroeconomyGreece’s import price index accelerated further in June, rising by 4.4 percent year-on-year (YoY), after a 2.8 percent increase in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. The index recorded more than one year of consecutive negative readings
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