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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
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Energy drives drop of 4.2 pct YoY in import prices drop for June
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Car sales rise by 6 pct YoY in Jun, up 3.1 pct in first half of year
Macro and fiscal outlook for Greece remain favourable in latest EC forecasts
The European Commission published on Monday its latest spring forecasts, which leave the macro and fiscal outlook for Greece broadly unchanged from the previous estimates, with the Greek economy seen outperforming eurozone growth by some margin.
For last year, the Commission notes that domestic demand remained strong despite a contractionary fiscal stance, leading to increased imports. However, exports grew at a slower pace, making net exports a drag on overall economic activity.
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