Budget primary shows deficit of 8.17 bln in May, falling below target
Car sales increase by 57.2 percent in May
Building permits jump by 42.9 pct in March, from year-earlier start to lockdown
Industrial production up by 22.5 percent in April after last year's lockdown
CPI rise by 0.1 pct YoY in May, turning positive on energy base effects
New tax debt at 2.56 bln April, rising by 249 mln month-on-month
Greek C/A deficit to July narrowed to just 156 mln with boost from tourism
The July current account (C/A) balance showed a surplus of 2.73 billion euros from 510 million euros last year, according to the Bank of Greece (BoG). The significant increase mainly reflects a jump in the current transfers’ surplus to 1.86 billion, from just 100 million last year, owing to an inflow of 1.5 billion related to SMP income. This was accruing to the ECB and payable to Greece following a Eurogroup decision in November 2012.
Excluding this one-off item, the July “recurring” figure is still materially improved, up 142 percent year on year (yoy) at 720 million, mainly courtesy of the trade deficit heading south (down 12.0 percent) and a services surplus hike (up 10.1 percent)...
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