Greece’s Economic Sentiment Weakens in February
Greece’s economic climate deteriorated in February, with the relevant index falling to 106.9 points from 108.6 the previous month, returning to levels last seen at the end of the previous year, according to the Foundation for Economic and Industrial Research (IOBE).
The decline in the index was primarily driven by weaker performance in construction and services. However, marginal improvements were recorded in industry, retail trade, and consumer confidence.
The overall trends in the domestic economy have not changed significantly in recent months, leading business expectations to be influenced more by sector-specific conditions than broader economic shifts.
Uncertainty in the global environment persists, affecting export-oriented businesses that play a vital role in the country’s productive system.
Meanwhile, households remain pessimistic, although their sentiment has fluctuated between strong dissatisfaction and a milder outlook regarding both their personal finances and the broader economy.
Looking ahead, economic sentiment will be shaped by domestic factors such as the pace of inflation reduction and further declines in unemployment, as well as external shocks from European and global economic developments, which could be significant.
Source: Reuters
Comments
Attention!
Sending all kinds of financial, legal, criminal, administrative responsibility content arising from illegal, threatening, disturbing, insulting and abusive, humiliating, humiliating, vulgar, obscene, immoral, damaging personal rights or similar content. It belongs to the Member / Members.