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Greek industrial production drops 3.8 pct in Dec for 10th negative reading of 2014
EconomyMacroeconomyThe Greek Industrial Production Index (IPI) fell by 3.8 percent in December after a short lived rise of 2.5 percent in November, according to the Hellenic Statistical Authority (ELSTAT). This was the tenth negative reading in 2014, while the two monthly...
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Greek industrial turnover plummets by 8.9 pct in Dec as manufacturing suffers
EconomyMacroeconomyThe Turnover Index in Industry headed south for the second straight month in December but at an accelerating pace of 8.9 percent from 0.7 percent in November, according to the Hellenic Statistical Authority (ELSTAT). This is the second highest monthly d...
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Greek current account deficit grows in Dec, 2014 surplus at 1.66 bln
EconomyMacroeconomyGreece's current account (C/A) balance showed a deficit for the third successive month in December, when it reached 870 million euros, which was more than 3.5 times higher than last year’s figure, according to the Bank of Greece (BoG). This mainly refle...
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Travel receipts up by 1 pct in Dec but balance in deficit of 27.9 mln
EconomyMacroeconomyGreece's travel receipts rose by a mere 1 percent year on year (YoY) in December from 30.7 percent in November, according to the Bank of Greece (BoG). In absolute terms, travel receipts were up by just 1.5 million YoY to 180 million. At the same time ho...
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Greek deposits fell by 7.7 bln in Feb and total of 24.6 bln since Dec
EconomyMacroeconomyGreek private sector deposit outflows slowed to 7.63 billion in February from a record high of 12.79 billion in January, according to the Bank of Greece (BoG). The outstanding balance fell to 140.47 billion, which is the lowest reading since April 2005....
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New Democracy to take second stab at leadership vote on Dec 20
PoliticsGreek PoliticsThe saga that is the New Democracy leadership election looks set to come to a conclusion as the four candidates have agreed to hold the ballot on Sunday, December 20. The party’s electoral committee is due to meet on Friday to rubber the stamp the decis...
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PMI above 50 points in Dec for first time in 16 months but underlying problems remain
EconomyMacroeconomyGreece’s Manufacturing PMI edged over the 50-point mark, which separates growth from contraction, and reached 50.2 in December from 48.1 in November, Markit’s survey showed on Monday. The December headline figure signaled a return to growth for the firs...
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Economic sentiment and consumer confidence improve in Dec
EconomyMacroeconomyAfter remaining stable in November, Greece’s economic sentiment (ESI) edged up by 0.6 points to 87.1 in December, European Commission (EC) figures revealed on Thursday. ESI had fallen by around 24 points in the first eight month of 2015 to 75.2 in July,...
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Car sales grow by 7 pct in Dec and by 13.5 pct overall in 2015
EconomyMacroeconomyThe number of road motor vehicles going into circulation for the first time continued heading north in December, rising by 7 percent compared to the 15.2 percent growth posted in November, Hellenic Statistical Authority (ELSTAT) data showed on Tuesday. ...
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Deflation drops to 0.2 pct in Dec, at 1.7 pct for 2015
EconomyMacroeconomyThe drop in the Greek Consumer Price Index (CPI) decelerated further to 0.2 percent in December from 0.7 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday. The December headline figure represents the lowest negative r...
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