Tuesday September 2, 2014 Search
Weather | Athens
29o C
23o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Economic sentiment continued its improvement in February

The Economic Sentiment Index of the Foundation for Economic and Industrial Research (IOBE) climbed to its highest level in five-and-a-half years in February. Still, consumer confidence posted a marginal decline, reflecting households’ concern about the future, data showed on Tuesday.

The reading of the climate index in Greece rose last month to 94.8 points from 92.6 points in January. A significant improvement was recorded in the business sector, with expectations in all domains examined – industry, retail commerce, services and construction – posting a recovery.

“In general, the trend toward improvement appears to have been strengthening since the start of the year, a development that converges with the broader macroeconomic data, such as the weakening of the recession, as well as certain short-term indices in economic sectors,” the IOBE report said.

IOBE analysts believe that the economy is gradually creating the conditions for stability, with the respective adjustment of citizens’ and enterprises’ expectations to the new situation in revenues and domestic demand, albeit at lower levels compared with the pre-crisis period.

* Industry: The forecasts for the short-term outlook of output and estimates on the current levels of orders and demand are gaining ground, with the product stock index remaining unchanged.

* Services: Estimates on the current activity of enterprises are improving, as are those on current demand and forecasts for their short-term outlook.

* Retail commerce: The negative estimates about current sales are diminishing. This is also the case with the unfavorable forecasts on their short-term outlook, but with estimated stock levels rising, according to the IOBE survey.

* Construction: Negative forecasts regarding the scheduled activities of enterprises in the sector remain at the same level, but the employment index is rising again and driving the overall sentiment index for construction higher.

* Consumer confidence: Forecasts about the economic state of households and the country as well as the course of unemployment over the next 12 months remained virtually unchanged, while fewer people are able to see any hope of managing to save money.

ekathimerini.com , Tuesday March 4, 2014 (22:53)  
Tourism targets rise ever higher
Horse race betting hurdle removed for OPAP
Revised GDP data confirm that Greek growth is near
Measures to reduce unemployment
Education minister calls for probe into predecessor´s reform plan
Following reports that a plan to reform the tertiary education sector launched in the spring of 2013 failed to lead to millions of euros in savings, Education Minister Andreas Loverdos on Mo...
Anti-racism bill goes back to Parliament
An anti-racism bill, foreseeing stiffer penalties for individuals and political parties that engage in racism or incite racist violence, is to be debated in Parliament on Tuesday following m...
Inside News
BASKETBALL
Greek hoopsters go top of their group in World Cup
Greece has qualified to the second round of the FIBA World Cup after going top of its group of six through a third win in as many group games in Spain. On Monday it beat Puerto Rico 90-79 in...
SOCCER
Fulham striker Mitroglou set to re-join Olympiakos
Greek champions Olympiakos Piraeus are set to re-sign Kostas Mitroglou on loan from English second tier club Fulham after the striker arrived in Athens for talks on Sunday. An Olympiakos spo...
Inside Sports
ANALYSIS
EU’s three big problems all linked
The outgoing president of the European Council, Herman Van Rompuy, said at the weekend that his successor, Donald Tusk, currently Poland’s prime minister, faces three big challenges: the sta...
COMMENTARY
A great president
I fully understand the country’s need for political stability, a necessity which makes the election of a president by the current Parliament absolutely imperative. At the same time, however,...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Greek hoopsters go top of their group in World Cup
2. Tourism targets rise ever higher
3. Horse race betting hurdle removed for OPAP
4. Revised GDP data confirm that Greek growth is near
5. Measures to reduce unemployment
6. Peachy export data despite Russian embargo
more news
Today
This Week
1. Excavation work at Amphipolis reveals section of marble mosaic floor
2. A great president
3. Erdogan visits Turkish-occupied Cyprus
4. Greek economy shrinks at slowest pace since late 2008
5. Don’t feed the zombies
6. Greek officials meet to fine tune strategy for Paris talks with troika
Today
This Week
1. Attack on gay couple in Athens leaves one man needing surgery
2. The battle against progress
3. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
4. Strong undersea quake occurs off island of Milos, felt in Athens
5. Greek quest for debt relief faces hurdles in Paris
6. Hardouvelis, ECB executive discuss bank program, stress tests
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.