-
Draft budget sees growth picking up in 2024, strong revenues driving primary surplus to 2.1 pct of GDP
-
Unemployment rate remains lodged near 11 pct after no change in Aug
-
Weak demand and adverse weather reflected in Sep PMI, barely in expansion territory
-
Monthly rise of 3 pct for producer price index in Aug prompts cost concerns
-
Retail sales grow by 3.1 pct in Jul, as food sales continue to contract
-
Consumer confidence takes 10-point dive in September
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...
You need a subscription to access our analysis. Please choose one of the packages available.
Full Access
A tailor-made service for professionals
Apart from having access to all our analysis and data, subscribers will be able to consult one-on-one with our analysts.
Free Access
Read some of our analysis for no charge
By signing up to MacroPolis, readers will be able to read two of our articles without charge each month. They will not have access to our data or weekly e-newsletter.
Standard Access
Our analysis and data at your fingertips
Subscribers will be able to read the full range of our articles, access our statistics and charts, and receive our weekly e-newsletter for €450 per year.
€500.00