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Manufacturing grows in Aug thanks to rise in new sales: optimism highest since 2024
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Growth of retail sales slows to 4.2% YoY in July as volumes data reveals price pressure
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Unemployment rate stable at 7.9% in July
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Energy propels 11.8% YoY increase in producer prices, as all categories rise
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Building activity eases in May with marginal 0.8% YoY drop
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Economic sentiment moderates further in Aug, as consumer confidence rises
These were the key drivers behind Greece's strong fiscal performance in 2016
The publication of the general government’s non-financial sector accounts on Monday has provided more insight regarding the key drivers of the fiscal performance in 2016, which was confirmed in a first notification issued by the Hellenic Statistical Authority (ELSTAT) on Friday.
As we noted, ELSTAT figures showed Greece recorded a primary surplus of 6.87 billion euros (3.9 percent of GDP) in 2016 under ESA 2010 rules, 6.13 billion above the figure of 737 million (0.4 percent of GDP) posted a year ago.
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