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Newsletter 37 - 31/07/2015
sources, the drop in corporate turnover has ranged from 30 to 80 percent across the various business sectors. A recent survey by Endeavor Greece found 18 percent of companies indicated a drop in revenue... the start of approved co-financed projects, threatening the permanent loss of sources and a drop
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Rare rebound for retail trade with 2.5 pct rise in May
EconomyMacroeconomyThe turnover of Greece’s retail trade index rose by 2.5 percent in May following a 3.1 percent drop.... The highest MoM drop was posted by food, beverages and tobacco (-9.5 percent), books, stationery... a double digit drop since 2009. The latest retail business indicators published by the European
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Newsletter 38 - 07/08/2015
and businesses, with recent surveys pointing to an average drop of around 50 percent in company turnover... reading since June 2012. This was the second consecutive monthly decline and it was matched by a drop..., new orders, employment and stocks all saw a deterioration. The drop in output was attributed
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Greek deflation decelerates to 1.5 pct due to VAT rate hikes
EconomyMacroeconomyby 1.2 percent. Since then, the CPI decrease ranged between 2.1 to 2.8 percent. The slower drop... a drop by 0.4 percent from 1.3 percent in July. The August figure indicates the lowest reading over... groups. The biggest drop was recorded in housing (-7.3 percent) followed by clothing and footwear
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Current account surplus jumps to 4.25 bln in July on SMP returns and nosedive in imports
EconomyMacroeconomyby 959 million and lower services’ surplus by 243 million. The considerable drop in the goods’ deficit to 10.21 billion reflects a double-digit drop in imports (-12.3 percent) to 25.05 billion, while... a drop in transportation receipts. In contrast, travel receipts rose by 6.2 percent to 6.99 billion
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General gov't primary cash surplus widens to 2.6 bln in Aug, arrears up by 2.15 bln
EconomyMacroeconomyreflects a drop in revenues by 10.1 percent to 21.72 billion euros, outweighing a cut in expenditure.... 2) Considerable drop in repos by 7.1 billion more than offsetting the marked rise by 6.4 billion... redemptions of 6.7 billion, increase in repos by 1.2 billion and a net drop of 2.4 billion in EFSF/ESM/IMF
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Average wealth in Greece down by 17.1 pct since last year
Societydeclined by 5.2 percent, the highest drop rate after that of Poland (-5.5 percent), while the Greek stock market recorded the biggest nosedive at 54.9 percent. However, the 17 percent drop in household... due to changes in the euro-dollar exchange rate. However, the drop to 81,300 dollars in 2015 placed
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Growing hopes that Greek recession will be milder than expected
Economy(+0.1 percent), more than offsetting a sharp drop in investments (-10.6 percent). The provisional... 5. The breakdown showed a drop in private consumption by 1.6 percent in 2015, exports by 1.5 percent... by 1.5 to 2 percent this year, on the back of a drop in private consumption by 1.5 to 2 percent
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Unemployment down for second straight month in August, falls to 24.6 pct
EconomyMacroeconomy. The drop in the last two months is probably due to seasonal reasons related to tourism, while... in August reflects a month on month (MoM) drop in the number of unemployed for the 15th consecutive month.... After a drop in August to 92,238, the number of registered jobless that receive the monthly benefit
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Apartment prices fall at an accelerating pace of 6.1 pct in Q3
EconomyMacroeconomypace compared to the downward revised 5 percent drop recorded in Q2, Bank of Greece (BoG) data showed... straight quarter by 1.8 percent in Q3, at a slower pace compared to the 2.9 percent QoQ drop in Q2... percent over the past seven years. Due to the imposition of capital controls and the sharp drop
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