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Seasonal factors take unemployment rate to 8.6 pct in Q2 - lowest since 2008
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ELSTAT resumes monthly unemployment updates after review, rate at 8 pct in July
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PMI improves significantly in Aug, despite exports orders falling for four straight months
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Energy drives 0.5 pct YoY fall in July producer prices as other components rise
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Retail sales resume growth of 3 pct YoY in June, volumes record more modest rise
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Despite small drop in July, deposits stay above 200 bln mark
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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