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
GDP rises by 0.5 pct in Q2 as signs of recovery emerge
Greece’s seasonally adjusted (SA) GDP grew by 0.5 percent quarter-on-quarter (QoQ) in the second quarter (Q2) of 2017, after an upwards revised increase of 0.5 percent in the previous quarter, the Hellenic Statistical Authority (ELSTAT) provisional estimates revealed on Friday.
ELSTAT decided to put flash estimates on hold for the time being due to methodology and data availability issues that led to significant revisions between flash and provisional releases.
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