ECONOMY

Greek consumer confidence on the rise in May, survey indicates

The Consumer Climate Index in Greece rose 3.6 points in May to reach 59.2 points, according to Public Issue’s monthly economic barometer survey.

The CCI index has been rising since the end of last year.

Of the two component indices, the Consumer Expectations Index registered the greatest improvement, with a rise of 5.6 points to reach 72.6. The Current Economic Conditions Index rose half a point to reach 39.3.

Despite an improvement in short-term and long-term expectations about the economy, 58 percent of Greeks expect the economic situation to worsen in the next 12 months.