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Draft budget sees growth picking up in 2024, strong revenues driving primary surplus to 2.1 pct of GDP
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Unemployment rate remains lodged near 11 pct after no change in Aug
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Weak demand and adverse weather reflected in Sep PMI, barely in expansion territory
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Monthly rise of 3 pct for producer price index in Aug prompts cost concerns
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Retail sales grow by 3.1 pct in Jul, as food sales continue to contract
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Consumer confidence takes 10-point dive in September
Jan-Feb budget primary surplus soars to 3.04 bln, aided by underspend and PIB revenues
Greece’s budget primary surplus for the first two months of 2016 was confirmed at 3.04 billion euros from 1.24 billion last year, according to Wednesday’s Finance Ministry (MoF) final budget bulletin displayed.
The marked fiscal improvement is largely attributed to soaring Public Investment Budget (PIB) revenues, which grew by more than 1 billion euros from last year, coupled with an increase in net revenues by more than 800 million.
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