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
Budget primary surplus of 1.19 bln in Jan markedly better than target
Greece’s budget primary surplus rose to 1.19 billion euros in January from 443 million last year, the Finance Ministry (MoF) preliminary budget bulletin displayed on Monday.
The marked improvement primarily reflects a sharp increase in the Public Investment Budget (PIB) surplus to 430 million (from just 52 million last year), coupled with a rise in revenues (before tax refunds) and lower primary expenditure.
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