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
Eurosystem funding drops by 3.9 bln in July on big decline in ELA
Unemployment at 21.7 pct in May after revised April figure
General gov't cash surplus sees large contraction in Jan-Feb, arrears edge up
The general government (gg) primary cash balance showed the surplus shrinking by more than two thirds year on year (YoY), landing at 1.02 billion euros in the first two months of 2015 from 3.17 billion in the corresponding period last year, according to the bulletin published by the Ministry of Finance (MoF) on Tuesday.
In the corresponding period of 2014, social security funds had recorded a surplus of 788 million euros, implying a negative fiscal change this year of almost 1 billion YoY. This sector has had the worst fiscal performance so far in 2015.
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