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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
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Seasonal factors take unemployment rate to 8.6 pct in Q2 - lowest since 2008
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ELSTAT resumes monthly unemployment updates after review, rate at 8 pct in July
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PMI improves significantly in Aug, despite exports orders falling for four straight months
Despite drop in input costs, rising agriculture output prices cause inflation concerns
Food inflation is currently the most prominent challenge for households, and there was more worrying data on this front from ELSTAT on Friday in the form of the release for input and output price index in the agriculture and livestock sectors.
The output index recorded an increase of 30.6 percent year-on-year (YoY) in June, from 21.8 percent in the previous month. Agriculture and Livestock output prices have been growing since March 2021.
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