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Industrial turnover returns to growth in Jan with 3.2 pct YoY rise, falls sharply MoM
EconomyMacroeconomyGreece’s industrial turnover returned to growth in January, rising by 3.2 percent year-on-year (YoY) from a 7.1 percent decrease in December, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. This is the first posit...
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Jan current account in surplus, trade balance worsens as exports drop again
EconomyMacroeconomyGreece’s current account recorded a surplus of 1.7 billion euros in January, from a deficit of 2.25 billion euros in December, Bank of Greece (BoG) data showed on Friday. In January 2023, the balance showed a deficit of 161.5 million euros. The Bank of ...
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Travel balance surplus more than doubles YoY in Jan
EconomyMacroeconomyGreece's travel balance recorded a modest surplus of 112.6 million euros in January, compared to 114.9 million euros in December, according to data released by the Bank of Greece (BoG) on Tuesday. January's balance was over 106 percent higher than the 5...
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Retail sales back in contraction for Jan, as volumes fall by 8.9 pct
EconomyMacroeconomyGreece’s retail sales went into contraction in January, with a drop of 2.3 percent year-on-year (YoY), after upwards revised growth of 7.6 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index...
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Building permits start year strongly with 15.1 pct rise in Jan
EconomyMacroeconomyBuilding permits started the new year strongly with a rise of 15.1 percent year-on-year (YoY), after a modest 0.6 percent increase in December, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Friday. The total number of per...
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Despite slight moderation of PMI in Jan, manufacturing sentiment improves
EconomyMacroeconomyGreece’s Manufacturing PMI started the new year with a slight moderation, falling to 52.8 points, from 53.2 points in December, according to S&P Global data released on Monday S&P says that the latest data signals a modest improvement in the health of t...
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Car sales start new year with a drop of 3.4 pct YoY in Jan
EconomyMacroeconomyVehicles going into circulation for the first time started the new year with a drop, falling by 7.4 percent year-on-year (YoY) in January, after a marginal decrease of 0.2 percent in December, according to Hellenic Statistical Authority (ELSTAT) data re...
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CPI at 2.7 pct in Jan as rent rise of 9.2 pct highlights housing cost difficulties
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) continued the moderate upward trend in January with a rise of 2.7 percent year-on-year (YoY), from 2.6 percent in the previous month, according to the data released on Friday by the Hellenic Statistical ...
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Jan primary surplus at 1.98 bln thanks to strong tax revenues and underspend
EconomyMacroeconomyThe budget primary balance was confirmed at a surplus of 1.98 billion euros in January, compared to a surplus of 2.28 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Tuesda...
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Private sector deposits fall back below 200-bln-mark in Jan, led by coprorations
EconomyMacroeconomyThe private sector deposits in the Greek banking system started the new year with a sharp decline in January, with a net decrease of 4.79 billion euros, after a 5.59-billion-euro rise in December, according to the latest Bank of Greece (BoG) figures rel...
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