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Budget continued to outperform in Feb, delivering 3.4 bln primary surplus -
Wages index rises by 5.5 pct YoY in Q4, records first quarterly drop since Q3 2021 -
Import prices reach one year of contraction with 6.4 pct drop in Jan -
Vehicle sales rise by 17.3 pct in Feb, led by passenger cars -
Underwhelming GDP highlights investment falling short of mark -
Industrial production grows by 10.3 pct in Jan, boosted by electricity supply
These were the key drivers behind Greece's strong fiscal performance in 2016
The publication of the general government’s non-financial sector accounts on Monday has provided more insight regarding the key drivers of the fiscal performance in 2016, which was confirmed in a first notification issued by the Hellenic Statistical Authority (ELSTAT) on Friday.
As we noted, ELSTAT figures showed Greece recorded a primary surplus of 6.87 billion euros (3.9 percent of GDP) in 2016 under ESA 2010 rules, 6.13 billion above the figure of 737 million (0.4 percent of GDP) posted a year ago.
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