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Primary balance up to July confirmed at 7.94 bln due to underspend, tax revenues
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Travel receipts rise by 8.8 pct YoY in June, arrivals drop marginally
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Central government debt rises to 403.2 bln in Q2, cash reserves near 42 bln
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Industrial turnover stable in June after marginal 0.1 pct YoY rise
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Oil balance and drop in exports pushes current account to 1.19 bln deficit in June
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Significantly contained spending pushes July primary surplus 4.36 bln above target
Retail sales rebound by 7.1 pct in July for first time in thirteen months
The turnover of Greece’s retail trade index strongly rebounded by 7.1 percent in July after a drop of 5.2 percent in June, Hellenic Statistical Agency (ELSTAT) figures displayed on Friday.
The July headline figure is the first positive reading since May 2015 and the highest since March 2010 and also reflects a low base effect, since retail sales had retreated 8.6 percent in July 2015 in the wake of capital controls.
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