Economy
Greek unemployment rose to new high of 27.9 pct in June
Greek seasonally adjusted unemployment showed an increase of 0.3 percentage points (pp) month on month (mom) and 3.3pp year on year (yoy) to 27.9 percent in June, which is a new historic high, according to the Hellenic Statistical Authority (ELSTAT) monthly labour force survey.
Industry turnover and new orders’ indices rebounded in July
The Turnover Index in Industry increased 3.6 percent year on year (yoy) in July, while New Orders Index in Industry also improved by a modest 0.8 percent yoy over the same period, according to the Hellenic Statistical Authority (ELSTAT). It is the first month since October 2012 that both indices have rebounded concurrently.
Greek budget outperformed targets by 3.9bn euros to August, preliminary figures show
Budget execution to August showed revenues outperforming monthly targets by 490 million euros for the second consecutive month in August with the year to date shortfall further narrowing to 1.04 billion from its peak of 1.61 billion at the end of June, according to preliminary figures from the Ministry of Finance (MoF).