ECONOMY

Economic sentiment suffered marginal fall in June

Economic sentiment in Greece fell slightly to 93.5 points in June from 93.8 a month earlier, the Foundation for Economic and Industrial Research (IOBE) said on Monday.

IOBE’s readings had been showing a rise over the last few months but the political uncertainty caused by the collapse of the three-party coalition appears to have halted that rise.

Economic sentiment continues to be much lower than pre-crisis levels. In 2008 its average reading was 98.6.

IOBE noted much improved sentiment in the tourism sector but much lower consumer confidence, with a direct impact on retail trade.