Saturday March 7, 2015 Search
Weather | Athens
20o C
11o 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)  
ECB asks for cut in recognized deferred tax assets
New NPLs in Jan-Feb put at 2 billion euros
Interest alive in property investment sector
Businesses reluctant to tap financing
Greece sends proposals, but no decision due at Monday´s Eurogroup
Greece submitted to Eurogroup chief Jeroen Dijsselbloem Friday an outline of seven reform proposals to form the basis for discussion at Monday’s meeting of eurozone finance ministers, but th...
Samaras braces for second round of in-party strife
After a marathon meeting of New Democracy’s MPs where party chief Antonis Samaras sought to affirm his status as top dog inside the conservative opposition, the former prime minister is brac...
Inside News
BASKETBALL
What a difference a year makes, for Olympiakos
Just over one year after Olympiakos's drabbing at the hands of Armani Milano, the Greeks returned to northern Italy and scored a nine-point victory to stay alone on top of their Euroleague g...
TRACK & FIELD
Tsatoumas just misses out on a Euro medal
Louis Tsatoumas narrowly missed out on a medal at the European Indoor Championships in Prague on Friday, as despite faring below his usual standard he was third until up to the last few jump...
Inside Sports
COMMENTARY
PISA, Schengen, mediocrity and isolation
Greece’s most serious problem is not the economic and political crisis, though it did contribute greatly to it. At the root of our evil lies our great isolation, not only from our partners i...
EDITORIAL
New blood, fresh ideas
New Democracy needs new blood and fresh ideas. Former Prime Minister and conservative chief Antonis Samaras should be credited with keeping Greece on its feet and he is one of the very few p...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
 RECENT NEWS
1. What a difference a year makes, for Olympiakos
2. Tsatoumas just misses out on a Euro medal
3. ECB asks for cut in recognized deferred tax assets
4. New NPLs in Jan-Feb put at 2 billion euros
5. Interest alive in property investment sector
6. Businesses reluctant to tap financing
more news
Today
This Week
1. BoG chief Stournaras briefs PM Tsipras on ECB's decisions on Greece [Update]
2. Cash-strapped Greece repays first part of IMF loan due in March
3. Greek and German bruisers limber up for 'rumble in the eurozone'
4. Greece must repay loans in full, bailout fund head says
5. Greek reforms list cites tackling evasion, fiscal savings, source says
6. Greece sends new letter with details on reforms, sources in Brussels say
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. The Greek tax drama
3. Varoufakis to make six reform proposals at Monday's Eurogroup
4. Tsipras reversal draws Greek sympathy as party rumblings rise
5. Greece's lenders skeptical on new bills but focus on funding needs
6. A unionist agenda
   Find us ...
  ... on
Twitter
     ... on Facebook   
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright © 2015, H KAΘHMEPINH All Rights Reserved.