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PMI falls to 51.7 in July, level of optimism drops to lowest in a year
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Easter timing pushes retail sales down markedly in May with -4.4 pct YoY fall
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Producer prices on six-month run of rises after 1.6 pct YoY increase in Jun
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Economic sentiment improves in July, consumer confidence continues to slide
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Despite soft hiring in June, six-month balance breaks record on back of seasonal jobs
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Building activity continues to slide in Apr, 4M permits down 26 pct YoY
Clarity over fiscal space clears way for next set of relief measures
Greece’s fiscal outlook has become clearer along with the ability of the Greek government to implement more voter-friendly policies as it attempts to restore its relations with the electorate.
The European Commission last week activated the national escape clause related to defence spending after fifteen countries had submitted an application of the activation, while Germany’s application will be assessed together with the medium-term plan th...
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