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  1. Easter timing pushes retail sales down markedly in May with -4.4 pct YoY fall
    Photo by MacroPolis

    EconomyMacroeconomy

    Greece’s retail sales had a sharp drop of 4.4 percent year-on-year (YoY) in May, after marked.... The corresponding volume index also had a significant drop of 5.6 percent YoY, from a 7.4 percent jump... monthly movement was down by 2 percent. As we noted last month, the data has a strong seasonal component

    7%

  2. Greece's current account in surplus for the fourth consecutive month

    EconomyMacroeconomy

    billion euros from 1.63 billion last year, according to Bank of Greece (BoG). The recorded drop year... “recurring” figure amounted to 720 million materially improved by 142 percent yoy. The strong monthly... is attributed to a drop in the trade deficit by 20.2 percent to 11.41 billion, reflecting

    7%

  3. Greek primary budget surplus at 707 mln as revenues beat target in May

    Economy

    by 3.9 percent to 18.57 billion. More importantly, the strong revenue performance in May eliminated... percent to 5.56 billion, in line with the target. Consumption taxes showed a higher drop at -9.5 percent... targeting a 1 percent rise in the full year figure. Despite the strong revenue rebound in May

    7%

  4. Current account surplus reaches 1.68 bln in July thanks to services
    Photo by MacroPolis

    EconomyMacroeconomy

    million. This outweighed widening of the trade deficit by 211 million euros and a slight drop.... The strong C/A surplus posted in July turned the year to date C/A balance to a surplus of 567... by a drop in the income deficit (by 534 million) and a rise in the current transfers’ surplus (by 419

    7%

  5. Greek stocks and bond yields recover on hopes of deal with eurozone

    Economy

    of 4.8 percent recorded on Monday. The strong rebound was fuelled by the 4-pillar proposal... and Public Power Corporation (PPC) also recorded strong gains, up 11.6 and 8.9 percent respectively...-lived drop to 86 million on Monday. Note though that the bulk of trading activity (almost 80 percent

    7%

  6. Manufacturing PMI drops to 46.5 in April, lowest reading since June 2013

    EconomyMacroeconomy

    employment pared back and stock levels lowered. At the same time, charges were reduced amid strong... marked drop over the last 22 months primarily attributed to sharp and accelerated declines in both... months. Slowing production lines led to a drop in manufacturing buying levels at the most marked pace

    7%

  7. Newsletter 27 - 22/05/2015

    Newsletters

    haircuts, would put the banks’ liquidity position under strong pressure. Central government debt falls... of around 2.1 billion to the IMF. Drop mainly reflects the return of 10.9 billion of EFSF bonds to the ESM in late February. Drop in industrial turnover slows The Turnover Index in Industry fell again

    7%

  8. Travel receipts up 13.3 pct in March as tourist arrivals increase by 34.4 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    , the strong volume growth was to a large extent offset by a 15.3 percent drop in the average non-resident... a significant drop in the average travel spending per trip by 22.2 percent to 300 euros. The breakdown of inbound tourist activity showed strong growth rates from France (+94.2 percent), the USA (+49.7

    7%

  9. Greek stock market loses 1.8 pct in week of mixed messages, Q1 results

    Economy

    at 825.38 points on Friday, meaning there has been a modest drop of 1.8 percent in the post-election.... On Wednesday, Mytilineos posted a strong growth in Q1 net profit by almost 50 percent to 22.8 million, despite the drop in sales by 6.6 percent to320.6 million. However, EBITDA improved 10.4 percent to 74.7

    7%

  10. Car sales resume double-digit growth rate in Oct with 15.2 pct rise
    Photo by MacroPolis

    EconomyMacroeconomy

    After a short-lived drop by 13.8 percent in October, the number of road motor vehicles (going.... The number of road motor cars posted a sharp drop by more than 30 percent per annum in the 2009-2012 period. Since then, a modest rise by 1.3 percent was recorded in 2013 and a strong rebound by more than

    7%