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Deposits drop of 2.13 bln in Oct driven by businesses
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Credit growth slows to 7.8 pct YoY in Oct
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Construction continues recovery in Aug, down 8.4 pct YoY over 8 months
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Economic sentiment slides in Nov, consumer confidence drops sharply
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Oct budget execution data affirms strong revenue performance
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Property prices continue to climb in Q3, reaching record high
General govt primary cash surplus improves to 6.4 bln by Nov, arrears drop to 5.6 bln
Greece’s general government (gg) primary cash surplus grew by 1.4 billion euros to 6.4 billion in the 11-month period of 2016 from 5 billion a year ago, the Finance Ministry (MoF) gg bulletin revealed on Tuesday.
The improvement is mostly attributed to an expansion of the extrabudgetary and social security funds’ surpluses by 1.5 and 1.46 billion euros respectively, coupled with a rise in the local government’s surplus by 318 million to 780 million.
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