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Majority of services sectors still see contraction in turnover in Q1 2014
EconomyMacroeconomy). The highest drop was recorded in architectural and engineering activities (down 27.2 percent), cleaning...). It is noteworthy that the same activities had also posted a double-digit drop in the corresponding period last year... activities, the other three activities showed a QoQ drop in Q1 2014. Since Q1 2010, advertising
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Greek trade deficit rises further in April as exports fall by 20.8 pct
EconomyMacroeconomy-digit growth posted in March reflects a drop of imports by 7.5 percent and a higher decrease... products, April imports and exports exhibit a slower drop of 3.8 and 12.4 percent respectively. As the result, the respective trade deficit showed a single-digit drop of 7.8 percent almost 10 percentage
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Wages index edges up YoY in Q1 after sinking by 24.8 pct since 2010
EconomyMacroeconomyconsecutive quarters in negative territory. The cumulative drop in the wages index stands at 24.8 percent... for the fifteenth straight quarter showing a drop of 1.8 percent to 73.3 in Q1 2014. This is the lowest.... That said, its YoY evolution shows a cumulative drop of 26.6 percent of nominal wages over the past
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Retail sales up 3.9 pct in April for first positive YoY reading since 2010
EconomyMacroeconomyvolume also increased by 7.3 percent YoY from a revised drop of 1.2 percent posted in March. The rise... a marginal MoM drop was that of automotive fuel (down 0.4 percent). The Easter period is most... percent). Automotive fuel also rose 5.3 percent following a 2.7 percent drop in March. In contrast, only
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Loan and deposit rates edge down in May but remain above euro area average
EconomyMacroeconomyFollowing a drop by 10 basis points (bps) in April, the interest rate on households’ new time... in June 2012. Although with some delay and at a slower pace, the drop in time deposit rates has... contracting by 36 bps, thus falling back to March levels. The sharp drop in May is attributed
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As imports rise, Greek C/A balance flips back to deficit in May
EconomyMacroeconomystems from a double-digit increase (10.3 percent) in imports and a slight drop in exports (-1.5 percent... to 2.49 billion euros from 3.32 billion last year. However, the rate of C/A deficit drop continued... and a moderate drop in exports by 1 percent. According to the BoG, net payments for ship purchases
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Apartment prices see 22nd straight quarter of decline: Down 7.3 pct in Q2
EconomyMacroeconomyThe drop in apartment prices in Greece decelerated for the fourth successive quarter to 7.3 percent... the peak of 102.2 posted in Q3 2008. The drop in transactions exceeds 90 percent over the past six... to the evolution of building activity, which posted a cumulative drop of 75 percent since 2008. The latest
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Q2 GDP contraction at 0.3 pct, strong Q3 needed to achieve target of annual growth
EconomyMacroeconomystable YoY in Q2 after a marginal drop of 0.1 percent in Q1. The Q2 rate of zero percent is the first... forecasts foresee a 5.3 percent rise in 2014 after a 12.8 percent drop last year. Taking into account..., whilst the latter suggests the sharpest drop since Q4 2011. The continued strong rebound
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Greek PMI up to 50.1 in August, employment and profitability still falling
EconomyMacroeconomya solid rise in August, reversing the slight drop posted in the beginning of the third quarter... in production with higher new export orders contributing to the positive sales performance. After a drop... ending a two-month run of drop in total new business. New export orders also rose marginally
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GSEE report stresses risks on employment and the pension system, outlines burden on wages
Societyto fall further by 1.9 percent in 2014 implying a 23 percent drop over the last five years... drop to 84 percent in 2014. The report highlights that the labor productivity and the purchasing power... shown a marked deviation in the succeeding five years. The sharp drop in real wages by 22.3 percent
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