HIGHLIGHTS
August 22 2023
Global Markets
Reversing last Friday’s gains, USTs faced renewed pressure this week after a media report suggested a possible exit from a persistently low neutral rate. Bunds followed suit as markets are pricing-in the risk of a more hawkish FOMC message at the Jackson Hole conference later this week.
Greece
According to ELSTAT, the overall turnover index in industry (sales in current prices) decreased by 17.2% YoY in Jun-23, from an increase of 43.1% YoY in Jun-22 mainly as the aftermath of the variation in energy prices. On a monthly basis, the overall turnover index in industry increased by 1.6% in Jun-23.
CESEE
Recent Q2 GDP flash estimates and latest CPI readings for July in the CEE3 tabulate the economic cost upon which the disinflation process evolves during the last couple of months.
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