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  1. Greek trade deficit narrowed 15.4 pct in January

    EconomyMacroeconomy

    to the Hellenic Statistical Authority (ELSTAT). The drop in January shows an accelerated trend compared... rise in the trade deficit. The January movement reflects a drop in imports by 9.4 percent to 3.75... to the double-digit drop in the previous three months. Excluding the impact of oil products, imports

    3%
  2. March fall for Greek industrial turnover is ninth in 15 months

    EconomyMacroeconomy

    reading was revised from a marginal drop of 0.1 percent to a slight growth of 0.3 percent. The headline... 12 months. The modest decline in March by 1.1 percent is attributed to a drop in manufacturing..., the slightly negative movement in March reflects a drop in both the domestic and non-domestic market

    3%
  3. In third straight month of decline, industrial turnover falls 4.9 pct in May

    EconomyMacroeconomy

    four months showed a double-digit drop over this period. In addition, the average index posted... a double-digit drop (-14.2 percent). The latter was almost equally split for the eurozone and non... groupings - energy and capital goods - showed a drop of 11 and 1.6 percent respectively. Turnover

    3%
  4. Greek retail sales dive 8.5 pct in May after brief rise in April
    Photo by MacroPolis

    EconomyMacroeconomy

    in April. The rate of drop in May retail turnover indicates the highest negative reading since... reason, the month on month (MoM) evolution showed a drop in May retail turnover and volume by 7.2... as furniture, electrical and household equipment posted the highest YoY drop at -17.8 and -11 percent

    3%
  5. Loan rates rebounded in July, deposit rates continued heading south
    Photo by MacroPolis

    EconomyMacroeconomy

    percent in July, according to the Bank of Greece (BoG). The year to date drop stands at 54 bps... narrowed by 6 bps to 1.45 percent in July from 1.51 percent in June, with the year to date drop...’ sectors from June backwards, which now show that the average loan rate drop in June stood at 27 bps

    3%
  6. OECD report paints grim picture for Greece's labour market
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    , following a 4.8 percent drop in 2012, 8.8 percent in 2011 and 6.9 percent in 2010. Except 2012... an economic adjustment program, Spain also showed a drop in each of the 4-year period ranging from -1.1 to -2.5 percent, while the respective drop in Ireland stood at slightly higher levels, between

    3%
  7. ELSTAT survey finds 2013 household budgets devastated, inequality persists
    Photo by Harry van Versendaal

    Society

    expenditure by sub-categories revealed that the highest YoY drop in 2013 was posted in liquid fuels (-17.56... drop. On the flipside, expenditure for medicines (+5.11 euros), cafes (+3.68 euros) and tobacco (+3.4... consumption showed a slight increase of 1.2 percent and natural gas a drop of 3.2 percent. In addition

    3%
  8. Slight uptick in October for Greek PMI, which remains in contraction

    EconomyMacroeconomy

    decreased in October with production posting a drop, albeit marginal, for the third time in the last... to September. The survey also indicated a sharp drop in stocks of purchases, while stocks of finished... and a further drop in manufacturers’ charges. The movement in purchase prices reversed a marginal drop

    3%
  9. Greece returns to growth after long recession, GDP figures show
    Photo by MacroPolis

    EconomyMacroeconomy

    time since Q1 2010 recording an increase of 0.7 percent YoY following a drop of circa 4 percent.... The revised historical figures showed that the largest drop in the third quarter economic activity was posted in 2010 with a decrease of 7.5 percent, followed by a drop of 6.7 percent in 2011 and 6.3

    3%
  10. Greek industrial production drops for eighth straight month but at slower rate

    EconomyMacroeconomy

    in October, when it fell at a slower pace of 0.7 percent after a downward revised 4.9 percent drop... for the 10-month period displayed the drop in industrial production slightly decelerated to 3.1 percent, from 3.4 percent in the 9-month period, mainly reflecting a continued double-digit drop in electricity

    3%