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Energy drives import price drop of 3.2 pct YoY in Feb
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Industrial production growth slows to 1.8 pct YoY in Feb, led by manufacturing
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Unemployment edges up to 8.5 pct in Feb
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PMI stable in March as war starts affecting business and confidence
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Strong rise in food sales pushes 7 pct YoY increase in Jan retail
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Economic sentiment declines in March, consumer confidence at lowest since 2022
Lower spending, extra revenues result in budget execution beating targets in March
Greece’s budget execution showed the 3-month primary surplus rose to 1.74 billion euros, up 12.6 percent, while the 2-month underperformance of 173 million turned to an over-performance of 1.62 billion, according to the Finance Ministry (MoF) preliminary budget bulletin published on Thursday.
The year to date primary surplus outperformance is mainly attributed to lower primary expenditure (by 1.18 billion) and higher Public Investment Budget (PIB) surplus (by 856 million) more than offsetting lower revenues (by 386 million).
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