Greek production PMI continues to fall amid deepening recession

Source: Markit
As business and consumer spending continued to decrease in June, the Greek Manufacturing PMI reached 46.9 points, which, under the level of 50, indicated a steeper decline than in May, concluding the worst quarter in two years. Moreover, the survey data showed even further fall of the PMI during the next months.
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Wed, 01 Jul 2015 10:58:06 GMT

European stock markets rise amid Greek crisis development

On Wednesday, stock markets across Europe rose, as investors took into account Greece's default on its 1.54 billion euros' payment to the IMF. The Stoxx 600 added 1% to 385 points, the UK's FTSE 100 rose 1.1% to 6,595 points, while the DAX 30 was up 1.6% to 11,117 points. Meanwhile, the France's CAC 40 soared 1.8% to 4,877 points

Wed, 01 Jul 2015 10:36:06 GMT

Italy's budget deficit contracts in Q1

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