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Car sales record modest rise in August, up 3.3 pct YoY in 8M
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Electricity drags industrial production down by 0.5 pct YoY in July
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August CPI moderates sligthly to 2.9 pct YoY, rents climb by 10.9 pct
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Trade deficit growth slows to 4 pct YoY in July driven by oil and non-EU markets
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Q2 GDP moderates further to 1.7 pct YoY as households spending slows
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Jobs in education lead negative hiring balance of 20,728 in July
March budget primary balance short of target, but taxes continue to overperform
The budget primary balance for the first three months of 2022 was confirmed at 1.65 billion euros, compared to a deficit of 13.4 billion euros during the same period last year, according to the final Finance Ministry (MoF) budget execution data released on Tuesday.
The primary balance was below the target by 319 million euros. Expenditure, excluding interest payments and the public investment budget, came to 11.7 billion euros. Net revenues reached 11.96 billion euros, below the target by 1.35 billion euros.
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