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Travel balance surplus up by 27 pct in January to 80.2 mln
EconomyMacroeconomyGreece’s travel balance rose to a surplus of 80.2 million euros in January according to Bank of Greece (BoG) data released on Monday, representing a rise of 27 percent year-on-year (YoY). Receipts came to 286.6 million euros, increasing by 24.4 percent year-on-year (YoY). Travel payments also rose
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Economic sentiment at 109.4 in March
EconomyMacroeconomyGreece’s economic sentiment (ESI) fell by 3.8 points month-on-month in March to reach 109.4 points, European Commission (EC) figures showed on Monday. In March, the Employment Expectations Indicator (EEI) for Greece came to 115.8 points compared to 111.7 points in February. Compared to last year
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Retail turnover up by 10.1 pct in January
EconomyMacroeconomyGreece’s retail sales index increased by 10.1 percent in January following an upward revised rise of 2.2 percent in December, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. This is the highest reading since February 2017, when the index rose by 11.2 percent. The corresponding
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OECD sees Greek economy most at risk from Covid-19, with impact reaching up to 35 pct of GDP
Economy15 percent. The study’s approach to spending takes a look at consumer expenditure by identifying
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Big drop in March sees PMI settle at 42.5 pts as Covid-19 measures bite
EconomyMacroeconomyGreece’s manufacturing PMI dropped to 42.5 points in March from 56.2 points in February, according to the latest data from Markit PMI. The data indicates that the Greek manufacturing sector has been impacted significantly by the spread of the coronavirus. Markit indicated that the headline figure
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Trade deficit up by 7.8 pct in February
EconomyMacroeconomyGreece’s trade deficit increased by 7.8 percent year-on-year (YoY) in February compared to a drop of 9.8 percent in January, data from the Hellenic Statistical Authority (ELSTAT) released on Tuesday showed. The deficit came to 1.69 billion euros for the month. Imports totalled 4.32 billion euros
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Worst ever negative employment balance recorded in March as virus measures hit
EconomyMacroeconomyThe employment balance turned sharply negative in March with 41,903 more firings than hirings, data from the Labour Ministry’s Ergani information system showed. Compared to the same month last year, there were 85,276 more people fired than hired. Ergani noted that the balance for March 2020
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CPI unchanged in March YoY, rises by 1.6 pct MoM
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) was unchanged year-on-year (YoY) in March compared to a slight increase of 0.2 percent in February, Hellenic Statistical Authority (ELSTAT) figures showed on Friday. The average CPI for the rolling 12 months rose by 0.2 percent. Month-on-month, the CPI for March
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Building permits increase by 55.7 pct in January
EconomyMacroeconomyat 17,282. Surface area increased by 7 percent, and volume increased by 7.1 percent. Greece’s construction
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Study proposes higher public spending to counter expected rise in NPLs
EconomyFeaturesThe Centre of Planning and Economic Research (KEPE) has released an analysis of the impact of the coronavirus on Greece’s non-performing loan market. The analysis looked at the possible evolution of business, consumer and mortgage loans. The measurements were made on the basis of 11 alternative
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