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Trade deficit continues to drop, falling by 5% in H1
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CPI slows to 3.4% YoY in July as energy effects moderate
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Manufacturing conditions continued to improve in July, despite cost pressures
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Fuels propel 10.1% rise in retail sales for May despite volume drop
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Eurobank profits at 738 mln in H1, commissions jump by 13.5% to 414 mln
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Producer price index slows to 8.8% YoY in June, as energy continues to have impact
Fitch leaves rating at 'BBB' and outlook unchanged, sees strong fiscal performance
Fitch reaffirmed on Friday Greece’s rating at ‘BBB’ with a stable outlook, citing stronger fiscal and macroeconomic fundamentals, resilient growth, and improved policy credibility, while noting that the country still faces structural vulnerabilities stemming from the debt crisis.
The rating is supported by Greece’s income per capita and governance indicators, which are slightly above the ‘BBB’ median, as well as the stability provided by EU and eurozone membership.
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