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VAT, income taxes lead budget outperformance as primary balance deficit eases to 1.16 bln in Jul
EconomyMacroeconomyThe budget primary balance for the seven months of 2022 came to a deficit of 1.16 billion euros, compared to a deficit of 9.06 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released o...
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Corporate lending leads credit to 5.5 pct growth in Jul, highest since Sep 2009
EconomyMacroeconomyCredit movement in the Greek private sector gathered more pace in July, rising by 5.5 percent year-on-year (YoY) from a 4.5 percent rise in June, and 3.3 percent in May, Bank of Greece (BoG) figures released on Friday showed. The growth in credit expans...
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Despite another annual rise of 35.6 pct in Jul, producer prices fall for third straight month
EconomyMacroeconomyThe pace of Greece’s Producer Price Index (PPI) annual growth slowed down further, still with another solid rise of 35.6 percent year-on-year (YoY) in July, after the 39.9 percent in June, ELSTAT data said on Tuesday. The index was in negative territory...
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Industrial production grows by 7 pct in Jul, as manufacturing records monthly drop
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) continued recording gains in July, rising by 7 percent year-on-year (YoY), after an upwards revised 8.9 percent in June, according to Hellenic Statistical Authority (ELSTAT) data released on Friday. The index h...
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Energy pushes industrial turnover growth up by 38.9 pct YoY in Jul, as index records rare monthly drop
EconomyMacroeconomyGreece’s industrial turnover remained on a solid growth path in July, jumping by 38.9 percent year-on-year (YoY), from a slightly revised 43 percent in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday. After more...
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Despite boost from travel, current account deficit hits 9.74 bln in Jul, up 43 pct YoY
EconomyMacroeconomyGreece posted a current account (C/A) surplus of 1.1 billion euros in July, from a deficit of 722.9 million euros in June, Bank of Greece (BoG) data showed on Tuesday. In July 2021, the balance showed a surplus of 570.3 million euros, while in July 2020...
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Retail sales grow by 11.9 in Jul, but volume data continues to tell different story
EconomyMacroeconomyThe growth in Greece’s retail sales stayed essentially stable in July, rising by 11.9 percent year-on-year (YoY), from an only slightly downward revised 12 percent rise in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The correspo...
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Building permits down by 2.3 pct in Jul as YTD activity growth nearly flat
EconomyMacroeconomyBuilding permits growth in July returned to negative territory, dropping by 2.3 percent year-on-year (YoY), after a 3 percent increase in June), according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday. The total numb...
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Import prices dropped by 14.4 pct YoY in Jul, although energy segments rose MoM
EconomyMacroeconomyThe contraction of Greece’s import price index continued in July, falling by 14.4 percent year-on-year (YoY) after dropping by 19.4 percent in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. This is the sixth...
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Industrial turnover drops by 10.2 pct in Jul, driven by foreign markets and manufacturing
EconomyMacroeconomyGreece’s industrial turnover remained in contraction in July, dropping by 10.2 percent year-on-year (YoY), from a 16.3 percent decrease in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. This is the fourth s...
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