Economic sentiment index up in Feb

Greece's economic sentiment index recovered for the second consecutive session to 79.4 points in February, from 75.6 in January, the Institute for Economic and Industrial Research (IOBE) said on Thursday.

IOBE, in a monthly report, attributed this improvement to an increase in all economic sectors, with the exception of the services sector.

Business expectations recovered strongly in the manufacturing and retail sectors, while constructions improved moderately. Despite the improvement all indices remained at very low levels, while consumer confidence also showed signs of improvement. The February figures underline a more calm evaluation of economic developments and probably expectations that conditions would be less adverse this year compared with 2010, reflecting estimates for a slower recession.

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