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Building activity collapses by 41.3 pct YoY in Mar due to uncertainty over construction code
EconomyMacroeconomyBuilding activity tumbled in March with a collapse of 41.3 percent year-on-year, after a sharp drop... dropped by 43.3 percent. On a regional basis, the picture was all negative, with the biggest drop recorded in Ipeiros in north western Greece with 70.9 percent, while Attica also recorded a sharp drop
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Building activity continues to slide in Apr, 4M permits down 26 pct YoY
EconomyMacroeconomyBuilding activity continued its slide in April with a drop of 17.3 percent year-on-year, after..., with the biggest drop recorded in Western Macedonia with 47.2 percent, while Attica also recorded a sharp drop of 26.5 percent. The domestic construction market has gone essentially on hold since a recent
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Greek unemployment rose to new high of 27.9 pct in June
EconomyMacroeconomypercent, while recording a slight drop of 0.3pp quarter on quarter (q-o-q) for the first time since... rate at 31.9 percent, while male unemployment is just shy of 25 percent. Despite a drop to 59... groups recorded a slight drop. It is noteworthy that although the yoy growth in unemployment has
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Trade deficit to July eased by 17.4 pct to 11.2 billion euros
EconomyMacroeconomycompared to the 18.8 percent decline recorded in the first half of the year. The drop in July reflects... figures excluding the oil impact indicating a drop in both accounts at 4.8 and 5.8 percent.... The impact of oil bill was more pronounced in 7-month exports, which exhibited a 2.6 percent drop
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Greece’s building activity remained in deep red for August
EconomyMacroeconomyto August also points to a sharp drop of 35.8 percent in permits, 34.8 percent in surface and 31.6... decline are Epirus and the Ionian Islands, which experienced a drop in excess of 55 percent over... and the Peloponnese, where it was just shy of 40 percent. Furthermore, the recorded drop in the Attica
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Industrial turnover index falls 8 pct in September, new orders also down
EconomyMacroeconomyeconomy. It is also noteworthy that on a twelve-month trailing basis both indices are recording a drop of 1.9 and 3.9 percent respectively. The drop in the industrial turnover in September reflects... a double-digit drop (down 15.7 percent and 15.5 percent respectively). A similar pattern was broadly
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Trade deficit soared 27.4 pct in Sept, down 13.6 pct for year
EconomyMacroeconomyAuthority (ELSTAT). The change to September shows a sustained deceleration since the drop in the trade... an increase in imports by 7.9 percent to 4.03 billion euros, coupled with a 2.2 percent drop in exports... exhibited a 2.3 percent drop excluding the oil products, and much milder in imports - just 1.6 percentage
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Greek retail sales tumbled another 6.4 pct in September
EconomyMacroeconomy). A broadly similar trend and drop of 5.4 percent was also evident in retail volumes. The decline in 2013 continues unabated following an average annual drop of 11.0 and 7.2 percent in 2012 and 2011... at 8.1 and 6.2 percent drop respectively. On the contrary, for the other key sectors namely, food
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Building activity in Greece fell by nearly 40 pct in year to September
EconomyMacroeconomyto September also points to a sharp drop of 34.1 percent in permits, 34.0 percent in surface and 32.1... and the Ionian Islands, which experienced a drop in excess of 51 percent over the trailing twelve.... Furthermore, the recorded drop in the Attica (Athens, Piraeus and suburbs) region, accounting for 22 percent
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Greece saw first annual deflation in almost half a century in 2013
EconomyMacroeconomyThe drop in Greece’s Consumer Price Index (CPI) decelerated to 1.7 percent in December after... as education are the two sectors mostly hit by deflation showing a drop ranging from 4.0 to 4.6 percent... and catering by 10 percentage points to 13 percent from 23 percent as of August 1 resulted in a drop
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