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Economic sentiment, consumer confidence edge down in March
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 1.4 points to 96.8 in March from 98.2 in February, according to the European Commission (EC). In February the ESI had rebounded by 2.9 points. The March figure is the second lowest reading since April 2014 and s...
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Retail sales down by 2.6 pct in January for third straight monthly decline
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell for the third successive month in January, when it declined by 2.6 percent from a revised 3.8 percent drop in December, according to the Hellenic Statistical Agency (ELSTAT). The January headline figure i...
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Industrial turnover down by 9.8 pct in Feb for fourth straight fall
EconomyMacroeconomyThe Turnover Index in Industry headed south for the fourth straight month in February but at a decelerating pace of 9.8 percent from a downward revised 15.6 percent in January, according to the Hellenic Statistical Authority (ELSTAT). The February rate ...
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Retail turnover falls by 3.3 pct in Feb, down for fourth straight month
EconomyMacroeconomyThe turnover of Greece’s retail trade index dropped for the fourth straight month in February, when it fell by 3.3 percent in February from an upward revised 1.8 percent decrease in January, according to the Hellenic Statistical Agency (ELSTAT). The Feb...
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Greece hopes to catch break from ECB as IMF puts its foot down
PoliticsGreek PoliticsThe Greek government is due to launch a new effort on Tuesday to overcome its liquidity problems as talks with its lenders still look far from being concluded and have been complicated by the International Monetary Fund reportedly stressing the need for...
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Greek CPI down by 2.1 pct in April
EconomyMacroeconomyThe Greek consumer price index (CPI) fell by 2.1 percent in April, similar to the decline in March, according to the Hellenic Statistical Authority (ELSTAT). The harmonised index of consumer prices (HICP) showed a slower drop by 1.8 percent in April fro...
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Apartment prices down by 3.9 pct in Q1 for seventh straight QoQ fall
EconomyMacroeconomyThe fall in Greek apartment prices decelerated for the seventh straight quarter to 3.9 percent in Q1 2015 from a downward revised 5.4 percent in Q4 2014, according to the Bank of Greece (BoG). The latest headline figure is the 24th successive negative r...
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Economic sentiment, consumer confidence down for third straight month in May
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued heading south for the third successive month in May, when it fell by 1.3 points to 91.4 in May from 92.7 in April, according to the European Commission. The May figure is the lowest reading since December 2013...
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S&P moves Greece down a notch to CCC, maintains recession forecast
EconomyS&P unexpectedly lowered on Wednesday Greece’s rating by one notch to ‘CCC’ from ‘CCC+’, where it had been placed on April 15. The outlook remains negative. Based on the S&P sovereign calendar, the next rating review for Greece was scheduled for Septemb...
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Greek stocks down by 4.77 pct as bond yields head further north
EconomyThe Greek stock market plunged for the third straight day on Tuesday, when it fell by 4.77 percent in the absence of any interest in Greek shares as investors believe that an agreement with lenders seems far for being reached at the moment. The Eurogrou...
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