Industrial turnover rises by 6.7 pct in April for fourth positive reading
Primary cash surplus at 6.4 bln in year to date, expenditure rises during May
Turnover in services sector shows deteriorations in Q1 2018
Budget primary surplus at 1.54 bln in May on revenue rise, sharp investment underspend
Unemployment rate stable at 21.2 pct in Q1
Wages index rises by 2 pct in Q1 and 4.9 pct YoY
Cost of Greek corporate loans rises in April, remains well above euro average
After remaining stable for the past five months, the interest rate on households’ new time deposits eased by 10 basis points (bps) to 2.71 percent in April, while the interest on corporate loans rose and remained well above the euro area average, according to the Bank of Greece (BoG).
This rate had peaked at 5.01 percent in June 2012 and was on the decline thereafter. In particular, it dropped by 30 bps in the second half of 2012 and by a further 190 bps in 2013.
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