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Primary surplus at 4.52 bln by Jun thanks to strong taxes, contained spending
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Lending to corporations drives strong credit expansion of 10.2 pct YoY in Jun
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Travel receipts maintain momentum in May with 17.7 pct YoY rise
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Significantly improved oil balance pushes current account to 196.5 mln surplus in May
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Industrial turnover resumes growth after 3 months, rising by 2.6 pct YoY in May
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Strong tax revenues, underspend push primary surplus 2.43 bln above target up to June
Energy fuels producer price fall of 8.9 pct in Nov, but non-durable consumer goods keep rising
Greece’s Producer Price Index (PPI) contracted for the ninth successive month in November, dropping by 8.9 percent year-on-year (YoY), after falling sharply by 13.5 percent in October, ELSTAT data showed on Friday.
The index had been growing over a two-year period since March 2021, before it turned negative in March this year. In January 2021 the index was just under 100 points, and at 136.75 percent in November this year.
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