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Retails sales up by 5.1 pct in Mar after three-month slump
EconomyMacroeconomyGreece’s retail sales index jumped by 5.1 percent in March, following a 2.3 percent drop in February according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday. The rise in the latest month reverses the trend of three consecutive declines in retail sales readings
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Trade deficit drops by 5.2 pct in April
EconomyMacroeconomyGreece’s trade deficit fell by 5.2 percent (YoY) in April compared to a rise of 28.1 percent in March, data from the Hellenic Statistical Authority (ELSTAT) released on Friday showed. The deficit stood at 1.65 billion euros in April compared to 2.08 billion in March. Imports continued to outpace
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Car sales rise by 15.2 pct in May and 9.7 pct in aggregate period
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 15.2 percent in May compared to a rise of 20.4 percent in April, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. In May 2018, the year-on-year rise had come to 18.7 percent. May’s headline figure marks two
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Building permits drop by 14.4 pct in March
EconomyMacroeconomy. The respective surface area rose by 23.4 percent while volume increased by 21.8 percent. Greece’s construction
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NPEs down by 13 pct to 81.8 bln in 2018, but BoG highlights continuing credit risk
EconomyBankingThe financial stability report published by Bank of Greece (BoG) on Tuesday details the credit risk in Greece’s banking system related to the major challenge of dealing with the stock of Non-Performing Exposures (NPEs). During 2018, NPEs continued their downward path, dropping to 81.8 billion euros
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Current account deficit drops in April on improved goods and services balance
EconomyMacroeconomyGreece’s current account (C/A) deficit came to 1.40 billion euros in April from 1.5 billion euros in March according to Bank of Greece (BoG) figures released on Thursday. In the same period last year, the deficit stood at 1.49 billion euros, suggesting a year-on-year (YoY) deficit improvement
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Deposits rise by 561.6 mln in May, positive for third month
EconomyMacroeconomyNet deposit movement in the Greek banking system stayed positive by 561.6 million euros in May, following positive inflows of 1.54 billion euros in April, Bank of Greece (BoG) figures revealed on Monday. May’s inflows are the third positive movement of deposits after negative flows were registered
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EFKA fund data shows 30 pct in part-time jobs earning less than 400 euros on average
EconomyMacroeconomyThe Unified Social Security Fund’s (EFKA) latest employment data as of December 2018 has shown that around one in three employees earn a gross monthly wage of around 390 euros. The summary statistics show that full-time employment in December came to just under 70 percent of the total for those
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Trade deficit jumps by 56 pct in May
EconomyMacroeconomyGreece’s trade deficit rose significantly by 56 percent (YoY) in May compared to a fall of 5.2 percent in April, data from the Hellenic Statistical Authority (ELSTAT) released on Monday showed. The deficit stood at 2.19 billion euros in May compared to 1.65 billion in April. Imports continued
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Car sales rise by 4.9 pct in June and 8.8 pct in aggregate period
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time rose by 4.9 percent in June compared to a rise of 15.2 percent in May, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. In June 2018, the year-on-year rise had come to 28.4 percent. June’s headline figure completes three
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