Greek Economic Sentiment Index up Strongly in July
The Greek economic sentiment index grew to 105.3 points in July, from 102.5 in June, to its highest performance since July 2014, the Foundation for Economic and Industrial Research (IOBE) said in a report released on Wednesday.
IOBE attributed this performance to an improvement of business expectations in the industrial sector, retail commerce and consumer confidence, although business expectations in the construction and services sectors continued falling.
The survey said that the strong performance of the consumer sentiment index is consistent with macro-economic developments and short-term indexes in various sectors in the country. Completion of the third adjustment programme without any surprises and decisions for the post-memorandum surveillance framework contributed to the stabilisation of the economic framework, allowing the improvement of expectations in sectors of the economy.