Italy's budget deficit contracts in Q1

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Source: Marketwatch
In Q1 of 2015, Italy's budget deficit contracted to 5.6% of GDP from 6% in Q1 of 2014, as public expenditure declined 0.7% to 189.7 billion euros, while total revenue rose 0.3% to 167.9 billion euros. For 2015, Italian government predicts a public budget gap of 2.6%, compared with a deficit of 3% in 2014 and 2.9% of GDP in 2013. Italy's tax pressure averaged 38.7% during first three months of the year. 
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Wed, 01 Jul 2015 10:47:05 GMT

Greek production PMI continues to fall amid deepening recession

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.

Wed, 01 Jul 2015 10:25:05 GMT

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