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Budget primary surplus comfortably beats target in May as taxes outperform by 2 bln
EconomyMacroeconomyThe budget primary balance came to a surplus of 2.29 billion euros in May, compared to a deficit of 1.49 billion euros in the same period of 2022, according to the preliminary Finance Ministry (MoF... to May showed a deficit of 1.13 billion euros, from a 4.07-billion-euro deficit in May 2022
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Deposits rise by 794 mln in May, balance at 186.42 bln
EconomyMacroeconomyeuros in May, after a small drop of 15 million euros in April, based on the latest Bank of Greece (BoG) figures released on Wednesday. The annual growth in May was 3.3 percent year on year (YoY), from... in May stood at 186.42 billion euros, reflecting corporate deposits of 44.63 billion euros
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Building activity grows by 15.8 pct in May, up 11.5 pct in first five months
EconomyMacroeconomyBuilding permits recorded a decent movement in May, rising by 15.8 percent year-on-year (YoY... saw the first annual decline since July last year. The total number of permits issued in May reached 2,570, from 2,220 in May 2022. The corresponding surface area increased by 7.5 percent YoY, while
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Growth in vehicle registrations slows in May, up 7.7 pct in first five months
EconomyMacroeconomy(YoY) in May, after a strong 36.3 percent jump in April, according to Hellenic Statistical Authority (ELSTAT) data released on Thursday. In May 2023, licences had grown by 5.6 percent annually. Car sales in May came to 22,959 compared to 22,877 in 2023, an increase of just 0.4 percent. Passenger cars
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Corporations lead way as deposits rise by 303 mln in May
EconomyMacroeconomyThe net private sector deposits in the Greek banking system slowed in May with a rise of 303... released on Thursday. The annual growth in May was 2.5 percent year on year (YoY), from 2.8 percent in the preceding month. The outstanding balance of private sector deposits in May stood at 190.91
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Late Easter helps retail sales rise by 14.3 pct YoY in May
EconomyMacroeconomyGreece’s retail sales jumped in May with a 14.3 percent year-on-year (YoY) rise, after an 1.3.... The corresponding volume index also recorded a solid increase of 10.5 percent YoY. May this year was favoured...’s monthly movement was up by 10.6 percent. Compared to May 2023, automotive fuel was up by 17.7
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Building activity's upward course halts in May with 19.6 pct YoY drop
EconomyMacroeconomyThe strong start to the year for building activity halted in May, with a sharp drop of 19.6 percent... by the Hellenic Statistical Agency (ELSTAT) on Wednesday. The total number of permits issued in May reached 2,065, from 2,570 in May 2023. The corresponding surface area decreased by 6.7 percent YoY, while
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Consumer confidence rises sharply by 4 points in May, other components drop
EconomyMacroeconomyGreece’s economic sentiment (ESI) was broadly stable in May at 107 points, from 107.4... period, May’s ESI is down roughly 3 points from June 2024. The average ESI in the EU stood at 95.2 points in May, from 94.6 in the previous month. The euro area’s ESI was 94.8 points, from 93.8 points
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PMI unchanged in May as signs of tariff effects, weak EU demand start to show
EconomyMacroeconomyGreece’s Manufacturing PMI was unchanged in May at 53.2 points, according to S&P Global data released on Monday. The manufacturing sector continued to expand in May, extending the growth trend... manufacturing firms signalled a further solid improvement in May. Output growth quickened, as domestic demand
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Strong income tax revenues and contained spending maintain budget outperformance in May
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 5.34 billion euros up to May, compared.... The total budget balance by May showed a surplus of 1.88 billion euros, from a 535-million-euro deficit..., 1.13 billion euros above the target. Expenditure By May, overall expenditure stood at 27.09 billion
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