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VAT and underspend drive budget outperformance in first six months
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Tourism shows resilience despite geopolitical uncertainty as May arrivals and revenues rise
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Record travel receipts and narrower trade deficit reflected in current account up to May
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Energy and domestic market drive industrial turnover growth of 14.1% YoY in May
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Primary surplus up to June at 4.48 bln as taxes continue to outperform, spending contained
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Energy continues to drive import prices as May sees 13.3% YoY rise
Data for total revenues in Q2 reflects recovery from end of lockdown
The latest turnover data released by the Hellenic Statistical Authority (ELSTAT) reflects signs of recovery in the Greek economy as in the second quarter of the year total revenue reached 78.38 billion euros, up by 29.4 pct year-on-year (YoY).
ELSTAT has been monitoring the impact of the pandemic since March last year when Greece entered its first lockdown, reporting monthly revenues figures for companies that keep double-entry accounting books and quarterly for the economy as a whole.
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