Greek economic sentiment index eased in October
More specifically, the Foundation said that the economic sentiment index was moving above last year's levels so far in 2023 and in contrast to a decline in relative indices in the EU and the Eurozone, reflecting positive climate traditionally prevailing during election years. However, optimism is gradually falling because of geopolitical tensions, tighter fiscal room and uncertaint over the nflation rates.
Business expectations in the industrial sector showed a further decline in the negative balance of estimates over new orders and demand, while positive expectations over production in the coming months improved slightly. In the construction sector, negative expectations over production eased, while positive estimates over emploment improved. In the retail commerce, estimates over current sales fell strongly and estimates over short-term trends rose. In the services sector, positive estimates over the current condition of enterprises eased along with estimates over demand.
In consumer confidence, negative estimates by Greek households over the country's fiscal condition rose further along estimates over their own economic condition, while estimates over major purchases improved along with saving intentions.
