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Industrial production accelerates to 3.9% YoY in May, led by electricity supply
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Fuels continue to propel drop in trade deficit as May sees 15.7% YoY decline
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Pension policy U-turn highlights government’s election concerns
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Jobs in tourism push May hiring balance upwards
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PBO sees resilience in economy, revises growth outlook slightly down
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Unemployment slides to 8.1% in May as male and youth rates improve
Greece's C/A deficit for March drops sharply to 44.4 mln
Greece's March current account (C/A) deficit shrank to 44.4 million from 1.24 billion last year, according to the Bank of Greece (BoG).
The sharp drop mainly reflects a substantial rise in the current transfers and services’ surpluses by 468 and 385 million respectively. In addition, income and trade deficits retreated by 249 and 94 million respectively.
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