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  1. Trade deficit soared 27.4 pct in Sept, down 13.6 pct for year

    EconomyMacroeconomy

    Authority (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

    3%

  2. 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

    3%

  3. Building activity in Greece fell by nearly 40 pct in year to September

    EconomyMacroeconomy

    to 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

    3%

  4. Greece saw first annual deflation in almost half a century in 2013

    EconomyMacroeconomy

    The 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

    3%

  5. Building activity posts first rise in 20 months but overall picture grim

    EconomyMacroeconomy

    to a sharp drop of 31.2 percent in permits. As expected, the bulk of total building activity (more... and the Ionian Islands, which experienced a drop of 53 and 49 percent respectively over the trailing.... Furthermore, the recorded drop in the Attica (Athens, Piraeus and suburbs) region, accounting

    3%

  6. A macroeconomic assessment of the Cypriot economy after the haircut
    en_GB Photo by Myrto Papadopoulos [www.myrtopapadopoulos.com]

    Agora

    anticipated drop in consumption and GDP as the impact of reduced nominal salaries on consumption has... is a temporary rather than a permanent drop in income, and because they do not consider bank deposits... drop in GDP so far. The above answers to the first question have important implications

    3%

  7. Sales season pushes November retail volume to growth for the first time since March 2010

    Economy

    Retail sales turnover stayed flat year on year (yoy) in November following a 2.1 percent drop..., which posted a higher drop of 2.9 percent compared to October (-2 percent) and December (-1.7 percent... in the respective excise tax last year. The drop in retail sales throughout 2013 also stems from

    3%

  8. Building activity up by 36.2 pct in Nov as rebound continues

    EconomyMacroeconomy

    drop of 27.4 percent in permits. The bulk of total building activity (more than 90 percent) is related... Islands, which recorded a drop of 43.7 and 40.3 percent respectively over the trailing twelve months... decrease was recorded in Crete, Western Greece and South Aegean at 20 to 25 percent. The drop

    3%

  9. Greek recession slowed from revised 7 pct in 2012 to 3.9 pct last year

    EconomyMacroeconomy

    drop, according to provisional data published by the Hellenic Statistical Authority (ELSTAT... of the year), household consumption retreated 6 percent in 2013, leading to a 5.6 percent drop in total final consumption expenditure. There was a significant slowing in the drop in private

    3%

  10. First positive reading for building activity in 6 months after 1.2 pct rise in May
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    in May, the 5-month figure of building permits showed a drop of 22.6 percent, slower than the 27.8.... In contrast, Thessalia and the Attica region recorded the highest drop in May, at 17.3 and 10.4 percent... plunged to 16,400 in 2013 from 65,500 in 2008. This corresponds to a cumulative drop of 75 percent

    3%