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CPI accelerates to 3.1 pct YoY in July, rents up 11.3 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) accelerated further in July with a rise of 3.1 percent year-on-year (YoY), from 2.8 percent in the previous month, according to the data released on Friday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period was stable
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Construction shows first signs of recovery in 2025 as building activity rises 31.6 pct YoY in May
EconomyMacroeconomypercent. The European Commission’s latest business sentiment indicators for July showed
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Despite small drop in July, deposits stay above 200 bln mark
EconomyMacroeconomyThe Greek banking system’s private sector deposits dropped in July, with a net decrease of 1.15 billion euros, after a jump of 5.1 billion euros in June, according to the latest Bank of Greece (BoG) figures released on Thursday. The annual growth in July was 5.1 percent year on year (YoY), from 5.3
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Credit to corporations contracts in July, bringing total loans down 1.27 bln MoM
EconomyMacroeconomybillion euros. The corporate lending balance’s net monthly flow was negative by 1.27 billion euros, after
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Energy drives 0.5 pct YoY fall in July producer prices as other components rise
EconomyMacroeconomyGreece’s Producer Price Index (PPI) recorded a minor contraction in July, with a drop of 0.5 percent year-on-year (YoY), after an increase of 1.6 percent in June, ELSTAT data showed on Friday. This is the first contraction of the year, following six consecutive positive readings. The index had
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PMI improves significantly in Aug, despite exports orders falling for four straight months
EconomyMacroeconomyGreece’s manufacturing PMI improved significantly in August to 54.5 points, from 51.7 points in the previous month, S&P Global data showed on Monday. This is the strongest improvement in the sector since March, with growth rates stronger than the series average. In August, Greek manufacturing saw
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Seasonal factors take unemployment rate to 8.6 pct in Q2 - lowest since 2008
EconomyMacroeconomyGreece’s non-seasonally adjusted quarterly unemployment rate dropped in Q1, landing at 8.6 percent, from 10.4 percent in the previous quarter, Hellenic Statistical Authority (ELSTAT) figures showed on Monday. The jobless rate in the second quarter of 2024 was 9.8 percent. The current levels
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Q2 GDP moderates further to 1.7 pct YoY as households spending slows
EconomyMacroeconomyGreece’s seasonally adjusted (SA) GDP grew modestly in Q2, rising by 0.6 percent quarter-on-quarter (QoQ), from a 0.1 percent increase in Q1, provisional data from the Hellenic Statistical Authority (ELSTAT) revealed on Friday. The Greek economy has been growing continuously QoQ now since Q2 2020
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Trade deficit growth slows to 4 pct YoY in July driven by oil and non-EU markets
EconomyMacroeconomyGreece’s trade deficit rose by 4 percent year-on-year (YoY) in June, significantly slowing from the 33.6 percent jump in June, according to data released by ELSTAT on Friday. The deficit came to 2.92 billion euros for July. Imports totalled 7.28 billion euros, falling by 3.1 percent YoY. Exports
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August CPI moderates sligthly to 2.9 pct YoY, rents climb by 10.9 pct
EconomyMacroeconomyGreece’s Consumer Price Index (CPI) decelerated in August with a rise of 2.9 percent year-on-year (YoY), from 3.1 percent in the previous month, according to the data released on Wednesday by the Hellenic Statistical Authority (ELSTAT). The average CPI for the rolling 12-month period was stable
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