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  1. Building activity posts first rise in 20 months but overall picture grim

    EconomyMacroeconomy

    to a sharp drop of 31.2 percent in permits. As expected, the bulk of total building activity (more... and the Ionian Islands, which experienced a drop of 53 and 49 percent respectively over the trailing.... Furthermore, the recorded drop in the Attica (Athens, Piraeus and suburbs) region, accounting

    7%

  2. A macroeconomic assessment of the Cypriot economy after the haircut
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    anticipated drop in consumption and GDP as the impact of reduced nominal salaries on consumption has... is a temporary rather than a permanent drop in income, and because they do not consider bank deposits... drop in GDP so far. The above answers to the first question have important implications

    7%

  3. Sales season pushes November retail volume to growth for the first time since March 2010

    Economy

    Retail sales turnover stayed flat year on year (yoy) in November following a 2.1 percent drop..., which posted a higher drop of 2.9 percent compared to October (-2 percent) and December (-1.7 percent... in the respective excise tax last year. The drop in retail sales throughout 2013 also stems from

    7%

  4. Building activity up by 36.2 pct in Nov as rebound continues

    EconomyMacroeconomy

    drop of 27.4 percent in permits. The bulk of total building activity (more than 90 percent) is related... Islands, which recorded a drop of 43.7 and 40.3 percent respectively over the trailing twelve months... decrease was recorded in Crete, Western Greece and South Aegean at 20 to 25 percent. The drop

    7%

  5. Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year

    EconomyMacroeconomy

    drop, according to provisional data published by the Hellenic Statistical Authority (ELSTAT... of the year), household consumption retreated 6 percent in 2013, leading to a 5.6 percent drop in total final consumption expenditure. There was a significant slowing in the drop in private

    7%

  6. First positive reading for building activity in 6 months after 1.2 pct rise in May
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    in May, the 5-month figure of building permits showed a drop of 22.6 percent, slower than the 27.8.... In contrast, Thessalia and the Attica region recorded the highest drop in May, at 17.3 and 10.4 percent... plunged to 16,400 in 2013 from 65,500 in 2008. This corresponds to a cumulative drop of 75 percent

    7%

  7. Majority of services sectors still see contraction in turnover in Q1 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    ). The highest drop was recorded in architectural and engineering activities (down 27.2 percent), cleaning...). It is noteworthy that the same activities had also posted a double-digit drop in the corresponding period last year... activities, the other three activities showed a QoQ drop in Q1 2014. Since Q1 2010, advertising

    7%

  8. Greek trade deficit rises further in April as exports fall by 20.8 pct

    EconomyMacroeconomy

    -digit growth posted in March reflects a drop of imports by 7.5 percent and a higher decrease... products, April imports and exports exhibit a slower drop of 3.8 and 12.4 percent respectively. As the result, the respective trade deficit showed a single-digit drop of 7.8 percent almost 10 percentage

    7%

  9. Wages index edges up YoY in Q1 after sinking by 24.8 pct since 2010

    EconomyMacroeconomy

    consecutive quarters in negative territory. The cumulative drop in the wages index stands at 24.8 percent... for the fifteenth straight quarter showing a drop of 1.8 percent to 73.3 in Q1 2014. This is the lowest.... That said, its YoY evolution shows a cumulative drop of 26.6 percent of nominal wages over the past

    7%

  10. Retail sales up 3.9 pct in April for first positive YoY reading since 2010

    EconomyMacroeconomy

    volume also increased by 7.3 percent YoY from a revised drop of 1.2 percent posted in March. The rise... a marginal MoM drop was that of automotive fuel (down 0.4 percent). The Easter period is most... percent). Automotive fuel also rose 5.3 percent following a 2.7 percent drop in March. In contrast, only

    7%