Friday October 31, 2014 Search
Weather | Athens
18o C
13o 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)  
Disposable income of households fell 10.3 pct in one year
Banks unhappy with bad loans bill
State debtor numbers grew in September
Reform plan among conditions
Ministry swap halts talk of reshuffle as reforms eyed
Prime Minister Antonis Samaras on Friday appointed Nikos Dendias as defense minister, replacing outgoing Dimitris Avramopoulos, who assumes the European Commission’s immigration portfolio ne...
Turkish-Greek cooperation in Aegean helps stem flow of migrants
Closer cooperation between Greek and Turkish coast guard authorities has led to 11,000 undocumented migrants being prevented from entering Greek borders and returned to the neighboring count...
Inside News
BASKETBALL
Spanoulis played Zeus for Olympiakos against Neptunas
Captain Vassilis Spanoulis helped Olympiakos narrowly avoid an upset on Friday as it defeated Euroleague debutant Neptunas Klaipeda 85-81 in overtime in Lithuania to preserve its perfect sta...
BASKETBALL
Obradovic watches Greens thrash his Fenerbahce
The second homecoming of former Panathinaikos coach Zeljko Obradovic, now at Fenerbahce, was not as emotional as last year’s, but it was certainly was the night of an emphatic triumph for th...
Inside Sports
COMMENTARY
The judiciary’s responsibility
The reform efforts over the past few years have begun to bear fruit. Greece has improved its standing in the World Bank’s Doing Business rankings, rising 48 positions from 2010 to 61st place...
EDITORIAL
Findings raise eyebrows
An investigation into money transferred to foreign banks by civil servants since 2010, when Greece’s brutal debt crisis erupted, has come up with some striking findings. The checks, which we...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. Spanoulis played Zeus for Olympiakos against Neptunas
2. Disposable income of households fell 10.3 pct in one year
3. Banks unhappy with bad loans bill
4. State debtor numbers grew in September
5. Reform plan among conditions
6. Ministry swap halts talk of reshuffle as reforms eyed
more news
Today
This Week
1. Man shot dead, woman injured in Vathis square attack
2. Archaeologists find underground vault at Amphipolis tomb
3. Cyprus’s Georgiades bets on economy for Irish-style bailout exit
4. Greek retail sales rise for third month in a row
5. Germany’s 10-year bonds decline before euro-area inflation data
6. New defense minister to be appointed without reshuffle
Today
This Week
1. Austria’s creative bookkeeping beats Greece on secret debts
2. End of reason, end of humanity
3. Clean bill of health for Greek banks from stress tests
4. Samaras pledges action after flash floods in Athens
5. Eurobank, National Bank restructurings eliminate capital gap
6. Athens flood damage assessed, compensation payments to begin
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2014, H KAΘHMEPINH All Rights Reserved.