Travel balance falls by 4.1 pct in April
Primary cash balance at surplus of 438 mln in May
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
Greek economic contraction during crisis higher at 24.6 pct, revised data shows
The Hellenic Statistical Authority (ELSTAT) released on October 10 a revision of national accounts for 1995-2013 so it is in line with the new European System of Accounts (ESA 2010) rather than the previous ESA 1995 before, which produced a deeper recession over the past few years.
The revision unveiled a slower recession in 2013 at -3.3 percent (from -3.9 percent) and in 2012 at -6.6 percent (from -7 percent). However, the economic downturn was more severe in the preceding three years, at -8.9 percent in 2011 (from -7.1 percent),...
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