HIGHLIGHTS
July 21 2022
Global Markets
European markets are driven today by the resumption of natural gas flows from Russia towards Europe through Nord Stream 1, the increased probability of snap elections in Italy, and market talk that the ECB might opt for a 50bps rate hike.
Greece
According to ELSTAT, the overall turnover index in industry (domestic and non-domestic market) in May increased by 53.1% YoY, owing to an annual increase of 53.6% in manufacturing and 15.1% in mining and quarrying.
CESEE
In Bulgaria, the current account (CA) balance recorded a surplus of €195.4mn in May-22, compared to a deficit of €112mn in May-21, mainly due to an improvement in the primary income and goods balance. In Serbia, the CA deficit widened by 219% YoY to €452mn in May-22, with the deterioration stemming mainly from the trade balance as a result of higher energy prices and imports.
July 21 2022
Global Markets
European markets are driven today by the resumption of natural gas flows from Russia towards Europe through Nord Stream 1, the increased probability of snap elections in Italy, and market talk that the ECB might opt for a 50bps rate hike.
Greece
According to ELSTAT, the overall turnover index in industry (domestic and non-domestic market) in May increased by 53.1% YoY, owing to an annual increase of 53.6% in manufacturing and 15.1% in mining and quarrying.
CESEE
In Bulgaria, the current account (CA) balance recorded a surplus of €195.4mn in May-22, compared to a deficit of €112mn in May-21, mainly due to an improvement in the primary income and goods balance. In Serbia, the CA deficit widened by 219% YoY to €452mn in May-22, with the deterioration stemming mainly from the trade balance as a result of higher energy prices and imports.
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