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Economic sentiment index continues slide in Dec.

Δημοσίευση 12 Ιανουαρίου 2011, 11:44 / Ανανεώθηκε 27 Ιουνίου 2013, 14:55
Economic sentiment index continues slide in Dec.
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Greece’s economic sentiment index fell further to 65.6 points in December, down from 67.3 in November, reflecting worsening conditions in the manufacturing sector despite some improvement in the services and retail sectors, the Institute for Economic and Industrial Research (IOBE) announced on Tuesday.

Greece’s economic sentiment index fell further to 65.6 points in December, down from 67.3 in November, reflecting worsening conditions in the manufacturing sector despite some improvement in the services and retail sectors, the Institute for Economic and Industrial Research (IOBE) announced on Tuesday.

Sentiment in the construction sector fell further to record lows, while consumer confidence also touched new historic lows in December, reflecting weakening demand.

Business expectations in the manufacturing sector worsened in the production level, while some improvement was recorded in demand and new orders, with forecasts over inventories remaining unchanged.

Business expectations in the services sector recorded a significant improvement over forecasts for the current level of works and demand, particularly over the next quarter.

In the retail sector, sentiment was improving, while in the construction sector expectations over activities and employment fell sharply.

The consumer confidence index fell significantly in December, after a slight improvement in November, with Greek households’ forecasts over their financial situation and the country’s economic condition falling to new record lows, along with forecasts over unemployment and the intention to save in the next 12 months.

The economic sentiment index continued improving both the Eurozone and the EU-27 in December.