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Economic sentiment picks up again in Oct but consumer confidence drops for fifth month
EconomyMacroeconomyGreece’s economic sentiment (ESI) continued growing in October, when it rose by 3.7 points month-on-month (MoM) to 112.4 points after dropping by 3.3 points in September, according to European Commission figures released on Thursday. Economic sentiment had been improving since February this year
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Retail sales grow for fifth month in a row but rate eases to 8.8 pct
EconomyMacroeconomyGrowth in Greece’s retail sales slowed down in August, rising by 8.8 percent year-on-year (YoY), from a slightly downward revised 13.1 percent in July, Hellenic Statistical Authority (ELSTAT) data showed on Friday. Retail sales have been growing continuously since April, after nearly one year
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PMI grows for eighth month despite supply chain, inflation challenges
EconomyMacroeconomyGreece’s manufacturing PMI edged up to 58.9 points in October, from 58.4 in September, according to Markit data released on Monday. The data shows the robust expansion of the Greek manufacturing sector with the operating conditions posting one of the strongest improvement rates in the series
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Trade deficit widens by 27.8 pct to 2.11 bln, led by oil products
EconomyMacroeconomyGreece’s trade deficit increased by 27.8 percent year-on-year (YoY) in September, from 43.3 percent in August, according to data from the Hellenic Statistical Authority (ELSTAT) released on Friday. The deficit came to 2.11 billion euros for the month. Imports totalled 5.81 billion euros, rising
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Oct CPI at highest since May 2011, led by natural gas, oil and electricity
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) continued its climb in October, rising by 3.4 percent year-on-year (YoY), from 2.2 percent in September, according to the latest data from the Hellenic Statistical Authority (ELSTAT) released on Wednesday. The average CPI for the rolling 12 months is in negative
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EC sees strong recovery in 2021, solid growth in coming years underpinned by RRF
EconomyMacroeconomy’s estimate is slightly lower from the 6 pct growth seen in the spring forecasts in May. Although
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Building activity recovery continues in Aug, up by 29 pct in 2021
EconomyMacroeconomyincreased by 57.4 percent, and volume increased by 50.1 percent. The European Commission’s latest
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Impact of inflation already widespread, but data suggests worse to come
EconomyFeaturespackage to cushion businesses and households at the start of September, during the prime minister’s
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Central gov net cash position shows deficit reined in from last year to 6.97 bln
EconomyMacroeconomyGreece’s central government recorded a primary cash deficit of 6.97 billion euros up to October, from a deficit of 9.04 billion euros last year, according to figures released by the Bank of Greece on Wednesday. The overall cash deficit was 12.53 billion euros, from 14.91 billion euros in the same
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Piraeus records loss of 3.09 bln as aggressive NPE reduction carries impairments
EconomyBanking. This full amount corresponded to the full utilisation of the ECB’s targeted long-term refinancing
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