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Budget continues to perform strongly in July as VAT beats target by over 1 bln
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Energy propels rise of 19.6% YoY in June industrial turnover
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Current account deficit improves in June, rises to 9.54 bln in first half of year
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Central govt debt rises to 402.64 bln in Q2 on back of repos and bonds increases
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Greece extends debt prepayment strategy with first repayment of EFSF loans
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Primary balance at 5.73 bln up to July as RRF-related spending revs up
PMI falls to 46.9 pts in June in ten straight months of contraction
Greece’s Manufacturing PMI eased by 1.1 points to 46.9 in June from 48 in May, according to Markit. The headline figure indicates the second lowest reading in the last two years, while remains below the 50-point mark implying a contraction for the tenth successive month.
The survey data displayed a sharp decline in new orders at an accelerating pace leading to a drop in production at the fastest rate over the past two years. At the same time a marked increase was evident in suppliers’ delivery time, which was the most m...
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