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Trade deficit records rare drop of 10.6 pct in Dec, widens by 50.7 pct for full year
EconomyMacroeconomyFor the first time in months, Greece’s trade deficit recorded a drop year-on-year (YoY), falling by 10.6 percent at the close of 2022, after a rise of 27.7 percent in November, according to data released by ELSTAT on Tuesday. The deficit came to 2.94 bi...
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Greek manufacturing PMI at 51.3 pts in Dec, nearing a year of expansion
EconomyMacroeconomyGreece’s Manufacturing PMI experienced marginal gains in December, remaining in expansion territory and rising to 51.3 points from 50.9 points in November, according to S&P Global data released on Monday. The conditions in the Greek manufacturing sector...
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Economic sentiment slides by 0.4 pts again in Dec, consumer confidence improves
EconomyMacroeconomyGreece’s economic sentiment (ESI) experienced another marginal drop of 0.4 points in December, the same decline as in the previous month, falling to 106 points overall, according to European Commission figures released on Monday. Sentiment had been impr...
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Car sales jump by 30.1 pct in Dec, marking 16.1 pct rise in 2023
EconomyMacroeconomyRoad motor vehicles going into circulation for the first time recorded another solid growth rate in December, growing by 24.8 percent year-on-year (YoY), after a 24.3 percent rise in November, according to Hellenic Statistical Authority (ELSTAT) data re...
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Seasonal factors lead to strong deposit growth of 6.4 bln euros in Dec
EconomyMacroeconomyThe net private sector deposits in the Greek banking system grew strongly, as is the seasonal trend, in December with a jump of 6.38 billion euros, after a negative movement of 747 million euros in November, based on the latest Bank of Greece (BoG) figu...
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Unemployment falls to 9.2 pct in Dec amid big YoY drop in number of out-of-job workers
EconomyMacroeconomyGreece’s seasonally adjusted (SA) unemployment rate remained below 10 percent in December, landing at 9.2 percent, from 9.4 percent in November, Hellenic Statistical Authority (ELSTAT) data showed on Thursday. In December last year, the unemployment rat...
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Small gains for building activity in Dec, up 7.1 pct in full 2023
EconomyMacroeconomyBuilding permits only rose marginally in December, up by 0.6 percent year-on-year (YoY), after dropping by 1.2 percent year-on-year (YoY) in the previous month, according to the data released by the Hellenic Statistical Agency (ELSTAT) on Thursday. At t...
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Economic sentiment unchanged in Dec, consumer confidence improves by 3 pts
EconomyMacroeconomyGreece’s economic sentiment (ESI) was virtually unchanged in December, falling marginally to 106 points, from 106.2 in the previous month, according to European Commission figures released on Wednesday. Over the rolling 12-month period, December’s ESI i...
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CPI at 2.6 pct in Dec, housing costs climb by 3.7 pct
EconomyMacroeconomyThe growth in Greece’s Consumer Price Index (CPI) picked up slightly in December with a rise of 2.6 percent year-on-year (YoY), from 2.4 percent in the previous month, according to the data released on Monday by the Hellenic Statistical Authority (ELSTA...
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Seasonal rise in Dec pushes deposits above 200 bln mark for first time since 2011
EconomyMacroeconomyThe private sector deposits in the Greek banking system ended the year strongly in December with a net increase of 5.65 billion euros, after a 2.27-billion-euro rise in November, according to the latest Bank of Greece (BoG) figures released on Wednesday...
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