Greece’s economic climate index fell to 106.8 points in July from 110.5 points in June, the lowest performance in the last five months, the Foundation for Economic and Industrial Research (ΙΟΒΕ) said on Thursday.
More specifically, the decline is attributed to the performance of three business sectors: industry, construction and services.
The consumer confidence index also weakened in the same period.
“Although the summer period affects positively various sectors, it seems that expectations ‘correct’ the upward trend of the last months, as more optimistic developments were perhaps discounted. The concern seems to be based on the external environment as well as the domestic situation. Internationally, major uncertainties and heightened geopolitical tensions seem to be putting pressure. The issue of high prices continues to worry households since 56% of them expect a new rise in prices at the same or faster rate and 61% declare that they are ‘barely getting by.'” IOBE said.
SOURCE; ANA-MPA
