Turnover in services sector improves in Q3 2018 on annual basis, declining QoQ
Unemployment rate declines to 18.3 pct in Q3
Eurosystem funding falls by 978 mln in Nov, banknotes increase for fourth month
Car sales rise by 12.3 pct in November and 23.7 percent in 11-month
Building permits rise by 6.6 pct in September, up by 9 pct in 9M
Q3 wages index up by 2.8 pct QoQ and by 4.6 pct YoY
Greek C/A deficit to July narrowed to just 156 mln with boost from tourism
The July current account (C/A) balance showed a surplus of 2.73 billion euros from 510 million euros last year, according to the Bank of Greece (BoG). The significant increase mainly reflects a jump in the current transfers’ surplus to 1.86 billion, from just 100 million last year, owing to an inflow of 1.5 billion related to SMP income. This was accruing to the ECB and payable to Greece following a Eurogroup decision in November 2012.
Excluding this one-off item, the July “recurring” figure is still materially improved, up 142 percent year on year (yoy) at 720 million, mainly courtesy of the trade deficit heading south (down 12.0 percent) and a services surplus hike (up 10.1 percent)...
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