Building activity increases by 16.4 pct in October
Budget primary surplus at 1.97 bln in 2017 on strong underspend
Net job hirings balance positive by 15,315 in December
CPI rises by 0.7 pct in Dec for first 12-month positive streak after four years of deflation
Unemployment rate at 20.7 pct in October, previous month revised upwards
Car sales rise by 16.1 pct in December, annual increase reaches 20.8 pct
Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
The budget primary surplus was confirmed at 1.07 billion in the first quarter (Q1) down by 42.6 percent from last year’s figure of 1.86 billion, according to the Finance Ministry (MoF) final budget execution bulletin.
As we noted in the preliminary figure published on April 18, the year to date outperformance was materially slashed from 1.27 billion in the 2-month period to only 77 million in Q1 mostly due to privatisation revenues of 1.23 billion from the concession...
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