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Greece braces for major inflation shock as Middle East standoff continues
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April primary surplus beats target thanks to improved taxes and contained spending
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Energy pushes import prices up by 11.4 pct YoY in Mar, highest since Dec 2022
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Car sales drop 4.6 pct YoY in Apr, up 3.3 pct in 4M
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Iran war begins to bite as costs rise and confidence falls
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Electricity supply pushes industrial production up 8.3 pct YoY in March
Budget primary confirmed at deficit of 1.47 bln in Jan as taxes dwindle
The primary balance was below its target by 442 million euros. Expenditure excluding interest payments and the public investment budget came to 4.22 billion euros. Net revenues came to 3.85 billion euros, below target by 812 million euros.
The monthly primary balance for January improved from a monthly deficit of 4.45 billion noted in December. The overall budget balance in January came to a deficit of 1.56 billion euros compared to a deficit of 768 million euros in January 2020.
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