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Retail sales grow by 11.9 in Jul, but volume data continues to tell different story
EconomyMacroeconomyThe growth in Greece’s retail sales stayed essentially stable in July, rising by 11.9 percent year-on-year (YoY), from an only slightly downward revised 12 percent rise in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The correspo...
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Building permits down by 2.3 pct in Jul as YTD activity growth nearly flat
EconomyMacroeconomyBuilding permits growth in July returned to negative territory, dropping by 2.3 percent year-on-year (YoY), after a 3 percent increase in June), according to the latest data released by the Hellenic Statistical Agency (ELSAT) on Thursday. The total numb...
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Import prices dropped by 14.4 pct YoY in Jul, although energy segments rose MoM
EconomyMacroeconomyThe contraction of Greece’s import price index continued in July, falling by 14.4 percent year-on-year (YoY) after dropping by 19.4 percent in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Thursday. This is the sixth...
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Industrial turnover drops by 10.2 pct in Jul, driven by foreign markets and manufacturing
EconomyMacroeconomyGreece’s industrial turnover remained in contraction in July, dropping by 10.2 percent year-on-year (YoY), from a 16.3 percent decrease in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Wednesday. This is the fourth s...
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Agriculture output prices jump 28.7 pct YoY in Jul, despite input costs falling
EconomyMacroeconomyThe output index in agriculture recorded an increase of 28.7 percent year-on-year (YoY) in July, from 30.6 percent in the previous month, ELSTAT data showed last week, underlining the challenge households are facing with respect to food prices. Agricult...
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Retail sales grow by 3.1 pct in Jul, as food sales continue to contract
EconomyMacroeconomyGreece’s retail sales returned to positive territory in July, with a rise of 3.1 percent year-on-year (YoY), after a drop of 1.3 percent in June, Hellenic Statistical Authority (ELSTAT) data showed on Friday. The corresponding volume index recorded a dr...
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Primary balance 4 bln above target in Jul due to underspend and tax performance
EconomyMacroeconomyThe budget primary balance recorded a surplus of 5.68 billion euros by July, according to the preliminary budget execution data released by the Finance Ministry (MoF) on Friday. During the first seven months, the primary balance outperformed by over 4 b...
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Producer prices record first rise for 16 months, inching up by 0.1 pct in Jul
EconomyMacroeconomyGreece’s Producer Price Index (PPI) recorded a positive movement in July, rising by 0.1 percent year-on-year (YoY), after falling by 0.7 percent in June, ELSTAT data showed on Friday. This is the first positive reading since February 2023 ending a 16-mo...
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Industrial Production grows 10.6 pct in Jul as electricity and manufacturing lead way
EconomyMacroeconomyGreece’s Industrial Production Index (IPI) grew in July by 10.6 percent year-on-year (YoY), after a 9.9 percent increase in the previous month, according to Hellenic Statistical Authority (ELSTAT) data released on Tuesday. The index now has just one neg...
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Import prices drop by 1.6 pct YoY in Jul due to energy, as all other categories rise
EconomyMacroeconomyGreece’s import price index turned into contraction in July, dropping by 1.6 percent year-on-year (YoY), after a 4.4 percent rise in June, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday. The index recorded more than ...
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