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Economic sentiment at 108.4 in Jan
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 1 point in January to reach 108.4 points, European Commission (EC) figures showed on Thursday. January's reading is 12.2 points below the series high of 120.6 noted in July 2000. Compared to January 2019, the ES...
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PMI at 54.4 points in Jan as employment growth hits all-time high
EconomyMacroeconomyGreece’s manufacturing PMI increased to 54.4 points in January from 53.9 points in December, according to the latest data from Markit PMI. Markit noted that the headline figure marked the fastest overall improvement in the health of the Greek manufactur...
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Credit contraction unchanged at 0.6 pct in Jan, balance at 153.43 bln
EconomyMacroeconomyCredit contraction in the Greek market came to 0.6 percent in January, unchanged from December, Bank of Greece (BoG) figures showed on Thursday. This led the outstanding balance to stand at 153.43 billion from 154.19 billion in the previous month. The n...
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Budget primary deficit at 1.47 bln euros in Jan, revenue shortfall hits 812 mln
EconomyMacroeconomyThe budget primary balance recorded a deficit of 1.47 billion euros in the first month of 2021, compared to a surplus of 495 million noted in January 2020, the preliminary Finance Ministry (MoF) budget execution bulletin for January showed on Monday. Th...
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Budget primary confirmed at deficit of 1.47 bln in Jan as taxes dwindle
EconomyMacroeconomyThe budget primary balance recorded a deficit of 1.47 billion euros in the first month of 2021, compared to a surplus of 495 million noted in January 2020, the final Finance Ministry (MoF) budget execution bulletin for January showed. The primary balanc...
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Govt offers more energy subsidies in Jan to cushion impact of high prices
PoliticsGreek PoliticsThe government attempted on Friday to address one of its major policy concerns at the start of 2022, offering broader subsidies for rising energy bills in the hope that it will not suffer politically from the impact inflation is having on Greek househol...
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Economic sentiment on up again after 4.2 pt rise in Jan
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued its upward trend in January, after a pause in December, increasing by 4.2 points to 114.2, according to European Commission figures released on Friday. ESI had dropped by 3.1 points to 110 in December Economic...
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Car sales drop by 8.7 pct in Jan for first drop since Feb 2021
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time dropped by 8.7 percent year-on-year (YoY) in January, following a rise of 21.4 percent in December, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. In January 20...
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Central govt primary cash deficit narrows appreciably to 429 mln in Jan
EconomyMacroeconomyGreece’s central government recorded a primary cash deficit of 429 million euros in January, from a deficit of 1.6 billion euros in the same month of 2021, according to figures released by the Bank of Greece on Thursday. The overall cash deficit was 1.6...
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Employment balance negative by 25,804 in Jan as pandemic support is wound down
EconomyMacroeconomyGreece’s employment balance stayed negative in January as departures outpaced hires by 25,804, according to data from the Labour Ministry’s Ergani information system. This followed a negative balance of 2,598 more departures than hires in December. The ...
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