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Energy drives 1.2 pct YoY drop in Nov producer prices as other categories increase strongly
EconomyMacroeconomyGreece’s Producer Price Index (PPI) remained in contraction in November, although it moderated to 1.2 percent year-on-year (YoY), after a decline of 2.3 percent in October, ELSTAT data showed on Monday. July this year provided the first positive reading...
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Industrial turnover returns to contraction in Nov with sharp 5 pct YoY drop
EconomyMacroeconomyGreece’s industrial turnover resumed contraction in November, dropping by 5 percent year-on-year (YoY), from a 1.1 percent increase in October, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday. On a rolling 12-month ba...
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Producer prices drop 0.8 pct YoY in Dec, down 2.2 pct in 2024
EconomyMacroeconomyGreece’s Producer Price Index (PPI) remained in contraction in December, although it moderated further to 0.8 percent year-on-year (YoY), after a decline of 1.2 percent in November, ELSTAT data showed on Thursday. July this year provided the first posit...
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Sharp drop of 5.1 pct in March industrial turnover driven by refined petroleum products
EconomyMacroeconomyGreece’s industrial turnover dropped sharply in March, with a decline of 5.1 percent year-on-year (YoY), from a marginal 0.3 percent decrease in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Tuesday. On a rolling...
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Consumer confidence rises sharply by 4 points in May, other components drop
EconomyMacroeconomyGreece’s economic sentiment (ESI) was broadly stable in May at 107 points, from 107.4 in the previous month, according to European Commission figures released on Tuesday. Over the rolling 12-month period, May’s ESI is down roughly 3 points from June 202...
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Q1 GDP virtually unchanged with just 0.04 pct QoQ growth, investments drop sharply
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP was virtually unchanged in Q1, rising by 0.04 percent quarter-on-quarter (QoQ), from a 0.8 percent increase in Q4, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday. The Greek econ...
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Oil balance and drop in exports pushes current account to 1.19 bln deficit in June
EconomyMacroeconomyGreece’s current account recorded a deficit of 1.19 billion euros in June, from a surplus of 196.5 million euros in May, Bank of Greece (BoG) data released on Wednesday showed. In June 2024, the balance showed a surplus of 265.7 million euros. The Bank ...
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Travel receipts rise by 8.8 pct YoY in June, arrivals drop marginally
EconomyMacroeconomyGreece's travel balance recorded a surplus of 2.98 billion euros in June, compared to 1.88 billion euros in May, according to data released by the Bank of Greece (BoG) on Thursday. The June balance was 6.9 percent higher than the 2.79 billion euros reco...
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Despite small drop in July, deposits stay above 200 bln mark
EconomyMacroeconomyThe Greek banking system’s private sector deposits dropped in July, with a net decrease of 1.15 billion euros, after a jump of 5.1 billion euros in June, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in Jul...
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Drop in energy costs bring CPI down to 1.8 pct YoY in Sep
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) decelerated further in September with a rise of 1.8 percent year-on-year (YoY), from 2.9 percent in the previous month, according to the data released on Thursday by the Hellenic Statistical Authority (ELSTAT). The av...
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