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Output and new orders drop to lowest since Mar 2021, forcing PMI down by 2.7 pts
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Deposit rise of 1.3 bln in May led by corporates as household savings drop
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Economic sentiment drops by 3.7 pts in June as all components deteriorate
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Jan-May primary budget deficit contained at 1.49 bln on back of property tax, VAT intakes
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Seasonal jobs account for 7 in 10 hirings as balance nears 100,000 in May
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As restrictions drop away, Apr travel balance beats even pre-Covid levels
Resilience evident in Apr budget execution data as taxes beat target by 1.79 bln
The budget primary balance for the first four months of 2022 came to a deficit of 811 million euros, compared to a deficit of 6.2 billion euros in the same period last year, according to the preliminary Finance Ministry (MoF) budget execution data released on Monday.
The primary balance beat the target by 1.64 billion euros against an anticipated deficit of 2.45 billion euros at this point of the year. Expenditure, excluding interest payments and the public investment budget, came to 15.92 billion euros. Net revenue...
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