May employment balance positive by 105,282 as seasonal hires pick up
Current account deficit drops in April on improved goods and services balance
Industrial turnover rises by 13.4 pct in April
Budget primary surplus at 918 mln in May, expenditures rise as 13th pension payment takes effect
Eurosystem funding drops by 399 mln in May, ELA collateral falls to zero
Turnover in services sector improves slightly in Q1 2019
Fitch upgrades Greek credit rating to B with stable outlook
As previously rumoured, Fitch upgraded on Friday Greece’s rating by one notch to ‘B’ from ‘B-‘ with a stable outlook, yet still remaining in the non-investment grade.
This is the first Greek sovereign rating upgrade in 2014 and comes after Moody’s postponed a rating action on April 4. S&P affirmed its rating for Greek sovereign debt on March 21.
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