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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
Producer prices drop by 7.1 pct in 2023, non-durables up by 6 pct in Dec
Greece’s Producer Price Index (PPI) contracted for the tenth successive month in December, dropping by 6.6 percent year-on-year (YoY), after falling sharply by 8.9 percent in November, ELSTAT data showed on Tuesday.
The index had been growing over a two-year period since March 2021, before it turned negative in March last year. In January 2021 the index was just under 100 points, and at 136.78 percent in December 2023.
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