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Industrial turnover up by just 0.3 pct YoY in Oct as manufacturing growth, domestic market slow
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Budget continues to outperform in Nov as taxes beat target by 334 mln
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Government’s growth ambitions meet RRF reality
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Disposable income rises in Q2, saving rate stays negative at -3 pct
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Wages index growth slows to 7.4 pct YoY in Q3
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Import prices contract again in Oct with 2.4 pct drop
Significant revenue outperformance drives budget primary surplus to 4.4 bln in 2016
Greece’s budget primary surplus stood at 4.39 billion in 2016, almost double the 2015 figure of 2.27 billion, the Finance Ministry (MoF) preliminary budget execution bulletin revealed on Tuesday.
The headline figure beat the full-year target by 2.41 billion largely due to revenue outperformance (by 1.82 billion) also supported by lower Public Investment Budget (PIB) deficit (by 258 million) and underspend (by 246 million).
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