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CPI down 1.3 pct in April as Greece remains in deflation for 14th month
EconomyMacroeconomyThe Consumer Price Index (CPI) eased 1.3 percent in April, unchanged from the previous month, according to the Hellenic Statistical Authority (ELSTAT). This means Greece remained in deflation for the fourteenth straight month. On a monthly basis, the CP...
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Apartment prices fell 7.5 pct in Q1, down for the 21st successive quarter
EconomyMacroeconomyApartment prices in Greece fell by 7.5 percent year on year (YoY) in the first quarter (Q1) of 2014, according to the Bank of Greece (BoG). Although at a slightly slower pace over the past four quarters, this is the twenty-first successive negative read...
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Greek central government debt inches down to 320.42 bln in Q1
EconomyGreece’s central government debt slipped by 1.06 billion quarter on quarter in Q1 2014 to 320.42 billion from 321.48 billion in the previous quarter, according to the Finance Ministry debt bulletin published on Wednesday. The quarterly movement reflects...
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Credit contracts at slower rate of 3.5 pct in May, balances down to 214.3 bln
EconomyMacroeconomyThe year on year (YoY) credit contraction in the Greek market further decelerated to 3.5 percent in May from 3.7 percent in April, with balances easing to 214.35 billion euros, according to the Bank of Greece (BoG). Although the YoY drop is the slowest ...
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Exports continued their decline, down by 8.3 pct in May
EconomyGreece’s exports continued heading south for the second successive month, falling by 8.3 percent in May, following a steeper drop of 20.8 percent posted in April, according to the flash estimates released by Hellenic Statistical Authority (ELSTAT) today...
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Building activity plunges by 35.6 pct in April, down by 75 pct since 2008
EconomyMacroeconomyThe number of building permits issued in Greece in April plunged by 35.6 percent in, accelerating from the 16 percent drop posted in March, according to the Hellenic Statistical Authority (ELSTAT). The decline in April surface and volume was less dramat...
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Greek gg debt down by 1 pp in Q1 2014, still at 174.1 pct of GDP
EconomyGreece’s general government debt slipped by 3.9 billion euros quarter on quarter to 314.8 billion euros, or 174.1 percent of GDP, at the end of Q1 2014 from 318.7 billion, or 175.1 percent, at the end of 2013, according to Eurostat data published on Tue...
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Greek wages index falls 1 pct in Q2, down 23.8 pct since 2010
EconomyMacroeconomyAfter a short-lived year on year (YoY) rise of 2 percent in Q1, the seasonally adjusted Wages Index fell 1 percent in Q2, while it remained stable quarter on quarter (QoQ), according to the Hellenic Statistical Authority (ELSTAT). The index covers the t...
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Tourism helps bring Greek unemployment down to 26.4 pct in July
EconomyMacroeconomyThe seasonally adjusted jobless rate dropped to 26.4 percent in July from a downward revised 26.7 percent in June, according to the Hellenic Statistical Agency (ELSTAT). The August figure is the lowest reading since December 2012. The non-seasonally-adj...
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Greeks exports down by 8.7 pct in September as imports rise by 7.4 pct
EconomyGreece’s exports remained on a downward trend for the third straight month in September but the drop accelerated to 8.7 percent, according to the flash estimates of commercial transactions released by Hellenic Statistical Authority (ELSTAT) on Friday. S...
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