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Credit contraction stays at 0.2 pct in Jun, balance at 161.16 bln
EconomyMacroeconomyfrom 161.16 billion in the previous month. June’s credit contraction is the third in as many months.... The latest month’s reading took the balance to 69.3 billion. Credit to insurance corporations showed a net... sector’s net monthly movement showed negative movement of -106 million euros, easing from -215 million
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Economic sentiment hits 105.3 pts in July, confidence at highest since 2004
EconomyMacroeconomyGreece’s economic sentiment (ESI) strengthened by 4.3 points in July to reach 105.3 points, European Commission (EC) figures showed on Tuesday. As of July’s reading, the index has remained above 100 points for six consecutive months. This month’s reading is the highest since June 2014, when
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July employment balance turns negative by 14,691 after five straight months of positive data
EconomyMacroeconomyThe employment balance turned negative in July with 14,691 more firings than hirings, data from the Labour Ministry’s Ergani information system showed. July’s negative balance interrupts five months... firings in July 2019. The data showed that July’s negative balance was the second highest negative
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Despite recent improvement, more than half of Greeks unable to afford one-week holiday
SocietyData from Eurostat has shown that over half of Greeks could not afford to go on a week’s holiday...) and Romania (58.9 percent). The EU average for those unable to afford a holiday was 28.3 percent. Eurostat’s... up the lion’s share of trips made by Greeks in 2018, followed by visits to friends and relatives
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PBO highlights budget, recovery risks in latest report
EconomyMacroeconomyThe quarterly report of Parliament’s Budget Office (PBO) raises some concerns on the budget front... within the available fiscal space. The PBO adds that New Democracy’s reduction of the ENFIA property... of the recent quarters while “fiscal margins should be respected so that the country’s credibility
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CPI remains static in July
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) remained static in July following a drop of 0.3 percent in June, figures from the Hellenic Statistical Authority (ELSTAT) showed on Thursday. June’s figure had... (-6.2 percent). The SYRIZA government’s projection contained in the Medium-Term Fiscal Strategy (MTFS
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Industrial turnover drops by 7.5 pct in June
EconomyMacroeconomyGreece’s industrial turnover fell by 7.5 percent year-on-year (YoY) in June following a revised.... June’s reading is the fourth negative reading in the year so far. The 12-month trailing index grew by 5.7 percent. The month’s performance was led by a decrease of 7.8 percent in the turnover index
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Capital controls to be abolished ahead of schedule
EconomyBankingand banking system”. The lifting of capital controls had been indicated in New Democracy’s election campaign... controls was cited as a problem by the BoG, the country’s lenders and Greek businesses which overnight... within 2019. Responding in parliament to the government’s plans on Monday, former finance minister
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CPI drops by 0.2 pct in August
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) contracted by 0.2 percent year-on-year (YoY) in August after remaining static in July, Hellenic Statistical Authority (ELSTAT) figures showed on Tuesday. August’s... percent), natural gas (-10 percent) and fresh fruit (-9.1 percent). The SYRIZA government’s projection
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Wages index up by 2.2 pct in Q2 for ninth straight increase
EconomyMacroeconomyGreece’s seasonally adjusted (SA) Wages Index rose by 2.2 percent year-on-year (YoY) in the second... quarters. The index’s record high of 134.7 was posted in Q1 2010, while the lowest reading during... several legislative measures that risked upsetting Greece’s fiscal targets. “Detailed monitoring
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