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PMI improves in May as manufacturers struggle with effects of Iran war
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Deposits fall marginally in April as rise for households offsets business drop
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Lending to corporates drives credit drop of 6.8 pct YoY in Apr
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Producer prices jump 12.8 pct YoY in April as Iran war pushes all categories upwards
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Retail sales growth of 6.1 pct YoY in March spurred by fuel as war takes toll
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Unemployment heads north, hovering at 10 pct over last two months
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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