ECONOMY

IOBE sees significant rise for economic sentiment in October

Economic sentiment in October rose substantially from the previous month, according to the Foundation for Economic & Industrial Research (IOBE).

IOBE’s economic climate index, which combines consumer confidence with sub-indexes of business expectations in industry, construction, retail trade and services, came in at 102.2 points.

In June it reached 99.3 points, according to the economic think-tank.