Greek economic sentiment index up in Sept‏

Gazzetta team 1 Οκτωβρίου 2015 - 18:48

Ανακαλύψτε περισσότερα άρθρα στα αποτελέσματα αναζήτησης.

The Greek economic sentiment index grew to 83.1 points in September from 75.2 in August and 81.3 in July, as businesses gradually regained their confidence after a sharp deterioration of business expectations and of the consumer confidence in July and August after the imposition of capital controls in the country, the Institute for Economic and Industrial Research (IOBE) said on Thursday.

IOBE, in a monthly report, said that consumer confidence continued retreating to its lowest levels in the last three years. The Institute noted that the September survey was conducted before the September 20 general elections and reflected largely the pre-election period during which enterprises were cautious ahead of election results.

More analytically, business expectations in the industrial sector improved markedly over production in the next few months, estimates over inventories were almost unchanged while expectations over orders and demand worsened slightly.

In the services sector, negative expectations over current demand and estimates over short-term trends improved in September, along with estimates over the current situation of enterprises.

In the retail sector, estimates over current sales deteriorated, while estimates over short-term trends improved and inventories fell.

In the construction sector, employment prospects were less pessimistic while estimates over work progress recovered slightly.

In consumer confidence, all basic indexes deteriorated significantly, such as expectations over households’ finances, the country’s finances in the next 12 months along with estimates over unemployment and saving intentions.