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Unemployment stays at 11.2 pct in Apr, youth jobless down by 5 points at 27.4 pct
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Manufacturing grows in May, but at slowest pace in last four months
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March sees first retail sales fall for two years, volumes show consumption diving
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Credit growth slows to 3.9 pct in Apr, flow negative at 789 mln
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Private sector deposits almost unchanged in Apr, household savings up by 1.13 bln
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Producer prices record back-to-back decline in Apr as energy falls by 24.4 pct YoY
Budget primary surplus of 1.1 billion slightly outperforms target by 77 million in Q1
The budget primary surplus was confirmed at 1.07 billion in the first quarter (Q1) down by 42.6 percent from last year’s figure of 1.86 billion, according to the Finance Ministry (MoF) final budget execution bulletin.
As we noted in the preliminary figure published on April 18, the year to date outperformance was materially slashed from 1.27 billion in the 2-month period to only 77 million in Q1 mostly due to privatisation revenues of 1.23 billion from the concession...
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