Building permits up by 1 pct in April and 5.2 pct in first four months of the year
Unemployment rate edges up to 20.2 pct in April as number of employed dips
Eurosystem funding falls by 4.56 bln in June to 16.31 bln
Employment balance records 33,620 more hirings than departures in June
Car sales up by 28.4 pct in June and 28.8 pct in first six months of the year
Industrial production grows by 1 pct in May, up by 0.2 pct in first five months of the year
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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