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Primary budget surplus 923 mln short of target in Jan as revenues fall by 18.4 pct
EconomyGreece’s final budget execution data confirmed preliminary figures released on February 12 and showed the primary surplus halved to 443 million euros in January from 835 million last year. The primary surplus figure for January missed the target of 1.37...
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Trade deficit plunges by 21 pct in January as exports and imports fall
EconomyMacroeconomyAfter climbing by 26.9 percent in December, Greece’s trade deficit fell 21 percent in January, according to the Hellenic Statistical Authority (ELSTAT). The absolute numbers show the trade deficit reached 1.27 billion in January, which is the second low...
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Greek current account deficit widens to 847 mln in Jan as exports fall further
EconomyMacroeconomyGreece's current account (C/A) deficit widened to 847 million euros in January 2015, more than 2.5 times higher than the previous year, according to the Bank of Greece (BoG). The negative movement by 511 million euros year on year (YoY) reflects deterio...
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Greek PMI edges up in March but exports, factory output fall
EconomyMacroeconomyGreece’s Manufacturing PMI improved for the second straight month by 0.5 points to 48.9 in March from 48.4 in February, according to Markit. However, the March headline figure remained below the 50-point mark for the seventh successive month, while the ...
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Industrial turnover down by 9.8 pct in Feb for fourth straight fall
EconomyMacroeconomyThe Turnover Index in Industry headed south for the fourth straight month in February but at a decelerating pace of 9.8 percent from a downward revised 15.6 percent in January, according to the Hellenic Statistical Authority (ELSTAT). The February rate ...
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Greek government's proposals to bridge gap with lenders appear to fall short
EconomyProgrammeAlong with the letter sent by the Greek Prime Minister Alexis Tsipras yesterday requesting a new 2-year loan from the ESM and extension of the second bailout programme for a short period, the government sent also a 2-page letter to the heads of the inst...
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Retail turnover fall accelerates to 3.3 pct in April
EconomyMacroeconomyThe turnover of Greece’s retail trade index fell for the sixth straight month in April at an accelerating pace of 3.3 percent from a downward revised 0.6 percent in March, according to the Hellenic Statistical Agency (ELSTAT). The April headline figure ...
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Trade deficit shrinks by 14.1 pct in June as fall in imports outpaces export decline
EconomyMacroeconomyGreece’s trade deficit fell for the second successive month in June, when it declined by 14.1 percent from 24.2 percent in May, according to the Hellenic Statistical Authority (ELSTAT). In absolute terms, trade deficit stood at 1.48 billion euros in Jun...
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Sixth straight fall for economic sentiment in August as it plunges by 6.1 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) dived for the sixth straight month in August when it fell by 6.1 points to 75.2 from 81.3 in July, according to the European Commission (EC). The headline figure is the second lowest reading after the record low of 74.8...
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Report sees fall in salary earners, big rise in part-time work during crisis
EconomyA new annual report from the Labour Institute (INE) of the General Confederation of Greek Workers (GSEE) highlights the devastating impact that the recession and austerity measures have had on the local labour market over recent years. The number of sal...
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