Budget primary balance beats target by 4.64 bln in July on back of impressive tax performance
Import price rise slows to 32.8 pct in June, index posts first MoM drop since Nov
Vehicle sales record back-to-back annual drop of 2.7 pct in July
Growth of industrial production accelerates to 8.4 pct in June, highest rate for 2022
Unemployment rate drops to 12.1 pct in June, lowest since before first MoU
Inflation slows to 11.6 pct in July as housing and transport costs rise sharply
Impact of uncertainty on economy starting to emerge in hard data
The uncertainty of the Ukraine conflict, which is being felt primarily through the energy crisis and the swelling inflation wave, has been reflected for months in sentiment surveys and is now gradually filtering through in hard data, sending the first recessionary signals.
For more than a year, the Greek economy had been recovering from the impact of the Covid pandemic. Most indicators grew continuously since early 2021.
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