Deposits rise by 1.43 bln in April
Credit growth in April marks first two successive months of expansion since 2010
Retail sales down by 1.5 pct in March for first fall in seven months
Economic sentiment at 88.5 in May, consumer confidence begins to stabilise
April budget primary balance shows deficit of 1.52 bln as state revenues miss target by 7.5 pct
Travel balance falls by 53.6 pct in March
Budget primary surplus to Oct confirmed at 6.5 bln, 2.9 bln above revised target
Greece’s budget primary surplus was confirmed at 6.5 billion euros in the 10-month period of 2016 from 4.53 billion a year ago, the Finance Ministry (MoF) final budget execution bulletin showed on Thursday.
Despite the upward revision, the 10-month primary surplus still stands 2.93 billion above target. The outperformance mostly reflects a higher PIB balance (by 878 million), stronger revenue collection (by 825 million) and underspend (by 726 million).
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