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Brussels flags downside risks for Greece as conflict‑driven inflation surges
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Strong Q1 for tourism as receipts rise by 64 pct YoY
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Timing factors and contained spending keep primary balance 2.89 bln above target in April
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Current account deficit at 2.34 bln in Mar, up to 6.96 bln in Q1
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EC forecasts slower growth, higher inflation as energy shock strikes
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Refined oil products propel 27.4 pct YoY rise in March industrial turnover
Greece sees Manufacturing PMI move into growth for first time since August 2009
Greece’s Manufacturing PMI improved by 1.6 points for the third consecutive month in January reaching 51.2 points from 49.6 in December, according to Markit.
More significantly, though, the headline figure surpassed the 50-point mark, which distinguishes growth from contraction, for the first time since August 2009. Furthermore, the rate of expansion was the fastest since September 2008.
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