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Industrial production records first contraction since Aug 2023, down 0.6 pct in Mar -
Trade deficit narrows in Mar, but exports drop by worrying 11.7 pct -
OECD sees growth stable at 2 pct this year, urges reforms and fiscal discipline -
Jobless rate falls to 10.2 pct in Mar amid expectations for strong tourism -
Manufacturing continues to expand in April, firms remain optimistic -
Stability Programme revises growth down to 2.5 pct as investment estimates prove too rosy
Import prices fall sharply in May as energy drops by 40.5 pct
The contraction of Greece’s import price index picked up further pace in May, as it fell by 20.8 percent year-on-year (YoY), after dropping by 17.5 percent in April, according to data released by the Hellenic Statistical Authority (ELSTAT) on Friday.
This is the fourth negative reading on the bounce. February was the first negative print since January 2021, when the index had dropped by 4.8 pct. After that, the index expanded until January this year.
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