Last Update: 09:29
The Foundation for Economic and Industrial Research (IOBE) announced that the Greek Economic Sentiment Indicator rose to 94.9 in Apr’17 from 93.4 in March’17, driven by improved expectations in the services and retail sectors.
Furthermore, expectations in the industrial sector remained at the same level, while they worsened in the construction sector.
Additionally, consumer confidence managed to improve to -72.2 (following 3 negative months) vs. -74.4 in Feb’17, mainly due to the partial lifting of the uncertainty regarding the completion of the 2nd programmeÎ„s review.
Moreover, according to IOBE, the adoption of the new fiscal measures refers to the 2019-20 period (not in the short-run) and has already been discounted during the previous months.