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Traditional sectors carry burden of job creation as unemployment levels fall
EconomyMacroeconomyHaving weathered the pandemic over the last two years, Greece’s labour market remains on the recovery path it has been following since July 2013, when monthly unemployment rate peaked at 28 pct and 1.36 million Greeks were out of employment. ELSTAT rele...
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Deposits drop for third straight month as corporates lead fall of 988 mln
EconomyMacroeconomyThe net private sector deposit movement in the Greek banking system in March stayed negative and picked up pace to 988 million euros, from 260 million in February, and 2.23 billion seen in January, based on Bank of Greece (BoG) figures released on Frida...
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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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CPI growth slows to 8.5 pct as electricity prices record rare 5.3 pct YoY fall
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) increased by 8.5 percent year-on-year (YoY) in November, slowing further from the 9.1 percent in October, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for th...
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Car sales fall by 0.7 pct in Nov for first drop since July
EconomyMacroeconomyThe rise in road motor vehicles going into circulation for the first time moved to negative territory in November, dropping by 0.7 percent year-on-year (YoY), after rising by 2.4 percent in October, according to Hellenic Statistical Authority (ELSTAT) d...
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Import prices fall sharply by 12.7 pct in Mar, as energy drops by 28.4 pct
EconomyMacroeconomyThe contraction of Greece’s import price index accelerated in March, falling by 12.7 percent year-on-year (YoY), after dropping by 5.6 percent in February, according to data released by the Hellenic Statistical Authority (ELSTAT) on Monday. February’s r...
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March sees first retail sales fall for two years, volumes show consumption diving
EconomyMacroeconomyGreece’s retail sales turned negative for the first time since 2021, with a marginal drop of 0.3 percent year-on-year (YoY) in March, from a downward revised rise of 9.8 percent in February, Hellenic Statistical Authority (ELSTAT) data showed on Wednesd...
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Unemployment unchanged at 11.8 pct in Q1, sharp fall in long-term jobless
EconomyMacroeconomyGreece’s non-seasonally adjusted quarterly unemployment rate stayed virtually unchanged in Q1 this year, rising to 11.8 percent, from 11.9 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Thursday. The jobless r...
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Import prices fall for fifth straight month in June as energy drops by 38 pct
EconomyMacroeconomyThe contraction of Greece’s import price index continued in June, falling by 19.4 percent year-on-year (YoY), after dropping by 20.8 percent in May, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. This is the fifth c...
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Retails sales contract 1 pct in June, volumes fall as food dips by 6.2 pct YoY
EconomyMacroeconomyGreece’s retail sales turned negative in June, posting a drop of 1 percent year-on-year (YoY), after a solid rise of 7.8 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. The corresponding volume index recorded a sharp dro...
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