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Inflation slows to 11.6 pct in July as housing and transport costs rise sharply
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Trade deficit soars by 71.6 pct in H1, reaching 17.59 bln
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Impact of uncertainty on economy starting to emerge in hard data
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Manufacturing slips into contraction for first time since early 2021 as PMI drops by 2 pts in July
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Producer prices climb by 39.9 pct in June, but record first back-to-back monthly drops since 2020
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Monthly and volume retail sales data shrink in May, reflecting cost-of-living crisis
General govt balance deteriorates due to deficits of state and social security funds
Greece’s general government (gg) deficit came to 9.36 billion euros in the first seven months of the year, compared with a deficit of 5.96 billion euros in the same period of 2020, according to the Finance Ministry’s (MoF) latest monthly gg bulletin.
In the underlying subcategories, the state budget deficit up to July was 9.09 billion euros, compared to 7.3 billion euros last year. Extrabudgetary central government balance had a surplus of 844 million, from 1.68 billion euros last year.
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