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Import prices continue to contract in Nov, but at lower pace of 8.6 pct
EconomyMacroeconomy. Energy prices dominate, with electricity down by 36.1 percent, refined petroleum products down by 17..., and electricity down by 3.4 percent. In terms of industries, energy dropped for the eleventh time..., then durables with 2.2 percent. Non-durables were down by 0.4 percent and intermediate goods dropped by 3
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Where is Greek growth coming from?
Agoraas the economy is slowing down. It is too early to tell whether imports are constraining growth or whether growth is slowing down and thus easing imports. But that growth and imports are so closely... an economic point, both governments are correct to bolster the VAT and help to bring the deficit down
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Sentiment unchanged in April thanks to services gains, consumer confidence also rises
EconomyMacroeconomyat 96.2 points in April, down from 96.5 points in the previous month. The euro area’s ESI was 95.6... on positive ground at 1.9 points, down from 4.8 points in the previous month. Since May last year..., now down by circa 12 points from May last year. Construction confidence returned to negative
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Eurobank net profit jumps by 80 pct to 287.2 mln in Q1
EconomyBankingbillion euros, down by 800 million euros YoY. Eurobank’s NPE ratio stood at 3 percent in Q1, down by 2.1... million euros. Operating expenses were stable, down by 0.1 percent YoY to 228.8 million euros. This took the cost-to-income ratio to 30.3 percent in Q1, down from 35.7 percent in 2023. The Q1 2024 cost
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Despite moderation in June, H1 hiring balance up by 34,290 jobs YoY
EconomyMacroeconomyclassed as layoffs and termination of contracts. Layoffs are down by 10,334 year-on-year, while voluntary exits were down by 2,061. Hirings were down by 17,195 jobs compared to June last year, while... with 40,910 jobs, with the 30-44 group negative by 15,344 jobs. Broken down by employment activity, catering
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Retail sales drop by 0.2 pct YoY in July as fuel leads slide
EconomyMacroeconomymonthly movement was down by 3.2 percent. Compared to July 2023, automotive fuel was down by 6.8..., with fuels down by 7.4 percent, a 0.5 percent rise in foods and non-food down by 14.2 percent
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Industrial turnover contracts in Aug, falls sharply by 23.6 pct MoM
EconomyMacroeconomy. Manufacturing revenue was down by 4.5 percent, with the mining and quarrying growing sharply by 41.1... percent, while the non-domestic market was down by 14.7 percent. On a monthly basis, industrial turnover..., and mining and quarrying down by 21.9 percent. Monthly, the domestic market was down by 21.6 percent
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Economic sentiment slides in Nov, led by services and construction
EconomyMacroeconomypoints in the previous month. The EEI is down roughly 6 points on the rolling 12-month period... month. Services confidence is now down by 21 points on the rolling 12-month. Retail trade recovered strongly to 11.3 points, from 5.5 in October, now down almost 11 points from December last year
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Fuels head 1.7 pct YoY drop in retail sales for Nov as volumes drop again
EconomyMacroeconomy, the seasonally adjusted index dropped by 2.1 percent. The volume’s monthly movement was down by 2.3 percent. Compared to October 2023, automotive fuel was down by 14.2 percent, non-food increased by 1.6..., with fuels down by 7.3 percent, a 2.8 percent rise in foods and non-food down by 0.1 percent. According
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Energy prices drive 2.8 pct YoY import price drop, as non-durable goods rise
EconomyMacroeconomy, refined oil products down by 7.7 percent, and electronics down by 2.5 percent. The monthly movements... YoY, intermediate goods rose by 0.6 percent, capital goods were down 0.7 percent and durables down
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