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
Primary cash surplus expands to 3.2 bln by September incorporating arrears repayment of 2 bln
Greece’s central government primary cash surplus increased by 540 million to 3.22 billion in the 9-month period of 2016 from 2.68 billion last year, Bank of Greece (BoG) figures showed on Wednesday.
It is worth pointing out that this year’s figure incorporates arrears’ repayment of 2.03 billion in the July – September period. Stripping out this figure, the comparable primary cash surplus stood at 5.25 billion almost doubled from last year.
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