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Sentiment edges up by 1.4 pts in Jan, consumer confidence unchanged
EconomyMacroeconomyGreece’s economic sentiment (ESI) showed more signs of recovery in January, rising by 1.4 points to 104.9, after a downward revised 2.1 points to 103.5 in December, according to European Commission figures released on Monday. By the start of 2022, econo...
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CPI stable at 7 pct in Jan as food inflation persists
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) remained broadly unchanged at the start of 2023, rising by 7 percent year-on-year in January, after increasing by 7.2 percent in December, according to the data released on Wednesday by the Hellenic Statistical Author...
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Budget starts year where it left off in 2022, beating target by 618 mln in Jan
EconomyMacroeconomyThe budget primary balance in January this year came to a surplus of 2.77 billion euros, compared to a surplus of 15 million euros in the same month of 2022, according to the preliminary Finance Ministry (MoF) budget execution data released on Thursday....
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Producer prices slow further to 13.5 pct YoY in Jan, but rise MoM
EconomyMacroeconomyThe pace of Greece’s Producer Price Index (PPI) continued to slow in January, when it rose by 13.5 percent year-on-year (YoY), following a 16.5 percent increase in December, ELSTAT data showed on Tuesday. The index was in negative territory for most of ...
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Deposits drop by 4.5 bln in Jan, reversing previous month's marked increase
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system dropped by 4.5 billion euros in January, reversing December’s impressive rise, when it jumped by 5 billion euros, based on the latest Bank of Greece (BoG) figures released on Tuesday. D...
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Credit expansion for private sector grows 5.7 pct YoY in Jan, but flow turns negative
EconomyMacroeconomyCredit movement in the Greek private sector slightly decelerated in January but still recorded a solid rise of 5.7 percent year-on-year (YoY), from 6.3 percent in December, Bank of Greece (BoG) figures released on Tuesday showed. After a recent peak of ...
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Budget beats target in Jan, boosted by 49 pct YoY jump in taxes on goods and services
EconomyMacroeconomyThe budget primary balance in January was confirmed to be a surplus of 2.77 billion euros, compared to a surplus of 15 million euros in the same month of 2022, according to the final Finance Ministry (MoF) budget execution data released on Tuesday. In t...
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Unemployment drops to 10.8 pct in Jan, lowest since debt crisis began
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate experienced a notable drop in January, falling to 10.8 percent, from an upwards revised 12.4 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In January last year, ...
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Jan delivers most negative hiring balance since 2017
EconomyMacroeconomyGreece’s employment balance turned negative in January, with 27,611 more departures than hires, according to data from the Labour Ministry’s Ergani information system. The hiring balance in January last year was -25,804, suggesting a deterioration of 1,...
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Trade deficit drops 21.9 pct YoY in Jan, reflecting base effects
EconomyMacroeconomyGreece’s trade deficit opened 2023 with a drop year-on-year (YoY), falling by 21.9 percent, after a drop of 10.6 percent in December, according to data released by ELSTAT on Friday. The deficit came to 2.36 billion euros for January. Imports totalled 6....
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