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Adverse weather pushes Jan manufacturing PMI to lowest level for 16 months
EconomyMacroeconomyGreece’s Manufacturing PMI fell by 2.7 points in January after improving by 1 point in the previous month, the Markit survey displayed on Wednesday. The PMI landed at 46.6, which is the lowest reading since September 2015 and stands well below the long-run average of 49.4. The downturn is mostly
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Deposit outflows of 1.5 bln in Jan after seasonally high inflows in Dec
EconomyMacroeconomyand non-eurozone residents – recorded outflows of 774 million and landed at 139.44 billion in January
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Eurosystem funding drops at sharper pace of 3.6 bln in Jan
EconomyMacroeconomyGreek banks’ Eurosystem funding fell at an accelerating pace of 3.61 billion euros in January after a drop of 1.87 billion in December, the Bank of Greece's (BoG) monthly financial statement showed on Wednesday. As a result of the decline, Central Bank funding landed at 63.01 billion, which is its
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Stable deposit rate in Jan, slight uptick in loan rate
EconomyMacroeconomyThe new time deposit rate for Greek households fell by 1 basis point (bp) for the second straight month and landed at 0.69 percent in January, Bank of Greece (BoG) figures showed on Friday. The January rate is the lowest since 2002, when Greece entered the eurozone. The rate has dropped by 112 bps
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Building activity increases for second straight month after 11.1 pct rise in Jan
EconomyMacroeconomyGreek building permits increased for the second straight month in January but at the faster pace of 11.1 percent after a rise of 2.1 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The absolute figure of permits landed at 769 in January, mostly due to seasonal
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Budget primary balance at 498 mln in Jan as net revenues fall short of target
EconomyMacroeconomy. Revenues from taxes landed at 4.06 billion euros, above target by a slight 7 million euros. Transfers
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Jan budget execution impacted by unplanned pandemic spending and snowstorm
EconomyMacroeconomy. Overall, the PIB balance landed at a deficit of 664 million euros.
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Jan budget deficit confirmed at 15 mln, revenues 610 mln short and spending underexecuted
EconomyMacroeconomyexpenditure came to 731 million euros, above target by 261 million euros. Overall, the PIB balance landed
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Inflation and economic bounce boost tax revenues as Jan-Apr budget primary balance beats target by 1.65 bln
EconomyMacroeconomyeuros. Overall, the PIB balance landed at a deficit of 1.72 billion euros. RRF intakes up to April were
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Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
EconomyMacroeconomylanded at a deficit of roughly 2 billion euros. Up to May, RRF intakes were 1.72 billion euros and have
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