The Greek economic sentiment indicator eased to 109.7 points in September, down 1.5 point from July, the Foundation for Economic and Industrial Research (IOBE) said in a report released on Monday. IOBE attributed this development to a significant weakening of business expectations in the industrial sector and to a new decline in consumer confidence, while business expectations in the services and construction sectors improved significantly and expectations in the retail commerce sector rose slightly.
The report said that after several months of improvement in most sectors of the Greek economy, a slight decline in economic sentiment was largely an expected correction as the pandemic problem remained and concern over inflationary pressures intensified.
SOURCE: AMNA
