Trade deficit narrows in April, though exports drop by 4.3 pct
Annual GDP growth slows in Q1, contracts by 0.1 pct QoQ
Unemployment stays at 11.2 pct in Apr, youth jobless down by 5 points at 27.4 pct
Manufacturing grows in May, but at slowest pace in last four months
March sees first retail sales fall for two years, volumes show consumption diving
Credit growth slows to 3.9 pct in Apr, flow negative at 789 mln
Budget primary surplus of 2.1 bln in 2-month on large underspend in Feb
The budget primary balance posted a surplus of 2.12 billion euros in the 2-month period of 2017, 25.6 percent lower than the respective figure of 2.85 billion in the corresponding period last year, the Finance Ministry’s (MoF) preliminary budget execution bulletin revealed on Tuesday.
This year’s primary surplus beat the target by 1.26 billion. This largely reflects primary expenditure coming in 866 million below the target, coupled with a gross revenue (revenues before tax refunds) outperformance of 517 million.
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