PMI remains in growth territory in Nov amid supply disruptions and inflation
Retail sales rise by 13 pct in Sep as fuel has notable impact
Employment balance turns negative by 70,048 in Oct as tourism season ends
Economic sentiment back up to pre-pandemic levels, reaching 113.4 pts in Nov
Credit growth stable at 0.9 pct in Oct, led by lending to corporates
Deposits growth slows to just 11 mln in Oct
General government bottom line continues to improve with moderate decrease in arrears
The Greek general government (gg) cash deficit to August fell by 60.7 percent to 3.87 billion with the gg cash primary surplus rising by 12.7 percent to 1.78 billion, according to the Ministry of Finance (MoF). The released data incorporates SMP income of 1.5 billion recorded in the July budget execution. Furthermore, state arrears to the private sector retreated 2.0 percent month on month (mom) and 25.8 percent (2.29 billion) since the beginning of the year. Arrears came to 6.57 billion at the end of August.
The state budget is the key element in the reported gg evolution. There is an important difference compared to the released budget execution for the same period, which relates to a cash correction of 4.3 billion mainly stemming from settlement of arrear...
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