High participation rate helps bond swap tick box
Greece continues debt management with swap of bonds worth 30 bln
Retail sales continue their rise in July as consumer confidence improves
Rating agencies concur in improved prospects for Greece
Fitch upgrades Greek rating to B-, sees debt sustainability improving
Greece completes first bond issue in three years, eyes more on way out of programme
Exports resumed a downward trend in July, imports up 10.1 pct
After a temporary rise of 11.3 percent in June, Greece’s exports resumed a downward trend easing by 1.1 percent in July, according to the flash estimates of commercial transactions released by Hellenic Statistical Authority (ELSTAT) today.
In addition, since the bulk of the last 12 year on year (YoY) readings are negative, the respective trailing index is showing a drop of 6.3 percent over the past 12 months.
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