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  1. Newsletter 251 -22/05/2020

    Newsletters

    salvaging something from the peak tourism season in Q3. Not only would it mean suffering a lower drop... turnover drops by 9.3 pct in March Index marks sharpest decline since June 2016 The drop... by 9.3 percent year-on-year (YoY) in March compared to a drop of 2.4 percent in February, Hellenic

    3%
  2. GDP falls by 14 pct QoQ in Q2 and by 15.2 pct YoY to reach historic low
    Photo by Manolis Tsafos/Fosphotos

    EconomyMacroeconomy

    to a milder drop of 0.6 percent in Q1. Household expenditure fell by 11.3 percent, while general... to drop by 4.1 percent in 2020 and public consumption is seen as rising by 1 percent. Final... percent this year. Exports The breakdown of the drop in export goods and services showed

    3%
  3. Newsletter 262 -04/09/2020

    Newsletters

    . General government consumption fell by 3.2 percent YoY. The breakdown of the drop in export goods... expenditure edged down by 9.3 percent QoQ compared to a milder drop of 0.6 percent in Q1. Household... percent in June following a revised drop of 4.6 percent in May, Hellenic Statistical Authority

    3%
  4. Draft budget sees EU funds fuelling recovery of 7.5 pct in 2021, after 8.2 contraction this year
    Photo by MacroPolis

    EconomyMacroeconomy

    Programme of 2020. Following the sharp drop of 15.2 pct in the second quarter of the year, the Finance Ministry expects the third quarter to drop by circa 10 pct on an annual basis in the third quarter... pct, investments by close to 11 pct, exports will collapse by close to a quarter and drop by 24.8

    3%
  5. Newsletter 277 -11/12/2020

    Newsletters

    in five out of six underlying subcategories. The biggest decrease came from tax refunds with a drop... to a drop of 24 percent in September, data from the Hellenic Statistical Authority (ELSTAT) released... billion euros, showing a drop of 16.9 percent YoY. At the same time, exports totalled 2.68 billion euros

    3%
  6. Industrial turnover drops by 2.9 pct in November
    Photo by Giannis Papanikos/Fosphotos

    EconomyMacroeconomy

    to a revised drop of 14.3 percent in October, Hellenic Statistical Authority (ELSTAT) data published... a recovery compared to recent months. The performance was led by a 3.4 percent drop in the mining... in the domestic market fell by 5.3 percent. The drop in the domestic market was driven by a fall in manufacturing

    3%
  7. Newsletter 284 - 12/02/2021

    Newsletters

    of this month, according to Ta Nea. 2 EC sees big drop for economy in 2020 Expects milder recovery of 3.5 pct... was forecast at 5 pct Unemployment drops to 16.2 pct in November Drop in number of unemployed... largely by a 17.6 percent rise in electricity supply. Car sales drop by 28.5 percent in January

    3%
  8. Company closures dropped sharply during the pandemic
    Photo by Gerasimos Domenikos/Fosphotos

    EconomyFeatures

    in the jobs market, where monthly figures from the Labour Ministry’s Ergani database show a huge drop in both... in the number of closures to 158. The biggest drop was in information and communication, where there were 40.3 percent fewer closures, and construction, where the drop was 32.8 percent. There were

    3%
  9. Industrial turnover drops by 2.4 pct in February
    Photo by Angelos Christofilopoulos/Fosphotos

    EconomyMacroeconomy

    with a revised drop of 12.3 percent in January. The reading is the 13th straight decline, but the smallest... by a 18 percent drop in the mining and quarrying index. The turnover index in manufacturing fell by 2.2.... Turnover in the non-domestic market increased by 2.3 percent, following a drop of 4.3 percent

    3%
  10. Retail sales rise by 1.5 pct in Apr, food volumes down by 4.2 pct
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    , with a rise of 1.5 percent year-on-year (YoY), from a marginal drop of 0.3 percent in March, Hellenic... index increased by 1.9 percent, after a drop of 3.9 percent in the previous month. The volume’s.... The inflationary effects are reflected in volumes, with fuels up by 1.2 percent, a 4.2 percent drop in foods

    3%