Industrial turnover remains on growth path with 6.1 pct rise in Aug
Primary cash surplus at 1.75 bln as expenditure rises in Sept
Revised GDP data shows recession for 2016, higher growth in 2014
Budget primary surplus at 4.5 bln in 9-month, below target on lower revenues, higher tax refunds
Eurosystem funding falls by 3.58 bln in September
New overdue tax obligations at 1.07 bln in August, total at 98.23 bln
Q4 GDP contracts 1.2 pct QoQ, leading to recession of 0.1 pct for 2016
Greece’s seasonally adjusted (SA) GDP dropped by 1.2 percent quarter on quarter (QoQ) in the fourth quarter (Q4) of 2016, after downward revised growth of 0.6 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) provisional estimates revealed on Monday.
The headline figure is worse than the 0.4 percent contraction posted in the flash estimates released on February 14. It is also the first negative reading since Q1 2016, when GDP contracted by 0.6 percent QoQ, before it started to rebound in the next tw...
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