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  1. Building activity nosedived for the fourth straight year, down 27.6 pct in 2013
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    to the Hellenic Statistical Authority (ELSTAT). The monthly drop in the respective surface and volume... with the highest decline in 2013 are those of Ionian Islands and Epirus recording a drop of 39 and 37.5... to 22 percent. The rate of drop in the Attica region (Athens, Piraeus and suburbs), accounting

    8%

  2. Industrial Production Index in negative territory for the year, at -2.2 pct in April

    EconomyMacroeconomy

    2.7 percent drop posted in March, according to the Hellenic Statistical Authority (ELSTAT... and February, the 4-month index shows a marginal drop of 0.3 percent compared to -2.6 percent... sections showed a slight drop ranging from 0.1 to 0.6 percent. The main industrial groupings showed

    8%

  3. Greek deposit and loan rates slide in September

    EconomyMacroeconomy

    in September, according to the Bank of Greece (BoG). This was the lowest month on month drop since... a sharper drop in excess of 200 bps. The deviation between the rate of contraction of time deposit..., with the year to date drop at almost 50 bps. On the loan front, the most significant movements

    8%

  4. Greek GDP up 0.7 pct in Q3 for third straight quarter of growth
    Photo by MacroPolis

    EconomyMacroeconomy

    showing an increase of 0.7 percent YoY. Nevertheless, the drop of 4 and 3.9 percent YoY in the preceding...) indicated that the largest drop in the third quarter economic activity was posted in 2010 (-7.5 percent), followed by a drop of 6.7 percent in 2011 and 6.3 percent in 2012. The detailed breakdown

    8%

  5. Greek unemployment falls for seventh straight month, down to 25.7 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    and to a lesser extent a marginal drop by 0.1 percent MoM in the number of unemployed. The MoM rise... of unemployed showed a significant slowdown compared to the 1.3 to 1.8 percent drop posted... of drop for unemployed, which fell to -9 percent in September from -8.3 percent in August. Similarly

    8%

  6. Greek time deposit rate falls to 1.82 pct in Dec, lowest during euro membership

    EconomyMacroeconomy

    . For the whole year the time deposit rate recorded a drop of 100 bps on the end-2013 figure of 2.82 percent. Unlike the further drop in the deposit rate in December, the competitive yield of the 3- and 6-month... deposit rate will stall in the beginning of the year. Despite the sharp drop, the Greek time deposit

    8%

  7. Unemployment unchanged at 25.6 pct in Mar but number of employed still falling

    EconomyMacroeconomy

    rate reflects a drop in the number of employed and unemployed by 0.5 and 0.4 percent month on month (MoM) respectively. The movement in the jobless figure represents a MoM drop for the tenth straight... a cumulative drop of 23.5 percent or 1,083,000 fewer employed since 2008. The number of unemployed

    8%

  8. Retail sales nosedive by 8.7 pct in July amid capital controls

    EconomyMacroeconomy

    percent drop in June, the Hellenic Statistical Agency (ELSTAT) said on Wednesday. The July rate... displayed eight of the nine specialised store categories posted a drop. The highest was furniture..., while supermarket sales recorded the lowest drop (-2.3 percent). The comparison with the previous month

    8%

  9. Q4 GDP contracts 0.6 pct QoQ, recession of 0.7 pct in 2015
    Photo by MacroPolis

    EconomyMacroeconomy

    percent drop in Q3, the Hellenic Statistical Authority (ELSTAT) flash estimates showed on Friday... a drop of 1.5 percent. GDP at current prices slipped 0.7 percent QoQ in Q4, at a slower pace compared to the Q3 drop decrease of 1 percent. In addition, Q4 GDP declined 2 percent YoY, decelerating

    8%

  10. Current account deficit falls to 780 mln in Dec and 7.5 mln in 2015

    EconomyMacroeconomy

    in the C/A balance by 1.09 billion year on year (YoY) drop reflects a shrinking of the goods’ deficit... that the drop in the goods’ deficit mainly stems from a 14.6 percent decline in imports. Exports fell... percent drop in the corresponding payments led travel balance to a surplus of 40.9 million from deficit

    8%