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PMI falls to 51.7 in July, level of optimism drops to lowest in a year
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Easter timing pushes retail sales down markedly in May with -4.4 pct YoY fall
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Producer prices on six-month run of rises after 1.6 pct YoY increase in Jun
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Economic sentiment improves in July, consumer confidence continues to slide
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Despite soft hiring in June, six-month balance breaks record on back of seasonal jobs
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Building activity continues to slide in Apr, 4M permits down 26 pct YoY
Primary cash balance records deficit of 404 mln euros in 4-month period
Greece’s central government primary cash balance turned to a deficit of 404 million euros in the first four months of 2017, from a surplus of 2.93 billion euros last year, Bank of Greece (BoG) figures showed on Thursday. This year’s figure includes arrears’ repayments of 544 million, of which 112 million were paid in April.
The overall cash balance also recorded a deficit of 188 million euros, from a surplus of 205 million euros a year ago. This includes a one-off item of around 2 billion, related to National Bank (NBG) revenues from the sale of Finansbank, which were tran...
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