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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
Final budget data for 2024 affirms solid surplus due to strong revenues, 2.75 bln underspend
The budget primary balance was confirmed at a surplus of 8.7 billion euros in December, and for the full-year 2024, compared to a surplus of 3.92 billion euros in the same period a year earlier, according to the final Finance Ministry (MoF) budget execution data released on Monday.
For 2024, the budget primary balance outperformed by 4.06 billion euros of the revised targets post final 2025 budget submission.
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