Rise in foreign arrivals pushes travel receipts up by 14.2 pct in June
Current account surplus at 842.3 million in June, assisted by services balance
Primary cash balance posts deficit of 46 mln at end of July
Industrial turnover up by 8.1 pct in June for eighth consecutive rise
Budget primary surplus at 3.05 bln in 7-month, above target on underspend
Building activity up by 45.7 pct in May, highest since Dec 2005
Greek credit contracts again in April but at slightly lower rate of 3.7 pct
The year on year (YoY) credit contraction in the Greek market decelerated to 3.7 percent in April from 4.1 percent in March, with balances easing to 215.14 billion euros, according to the Bank of Greece (BoG).
Monthly net deductions slightly slipped to 674 million in April from 729 million in March. Two thirds of this month’s negative flow is attributed to corporates (487 million) and the remaining to household lending (182 million).
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