Greek economic sentiment index was 90.3 points in April, almost unchanged from 90.1 points in March, the Foundation for Economic and Industrial Research (IOBE) said on Thursday.
In a monthly report, IOBE said that the April figure remained far below a 93.3-point reading recorded in April 2015, reflecting a stabilization in the retail commerce, services and the industrial sectors, while business expectations in the construction sector deteriorated further.
“Consumer confidence continued falling, to a new three-and-half year low. It is obvious that the economy remained a prolonged period of wait-and-see, awaiting completion of a first review of the Greek programme and finalizing of a pension and tax legislation which could affect households and enterprises,” IOBE said.
More analytically, business expectations over short-term production remained slightly positive while negative estimates over new orders and demand improved moderately.
In the services sector, expectations over current conditions and demand were less negative, while short-term demand estimates remained negative.
In the retail commerce, optimistic estimates over current sales remained unchanged along with negative estimates over short-term sales, while inventories were below historical average levels for the season.
In the construction sector, business expectations deteriorated further.
Consumer confidence deteriorated further in April as households were more pessimistic in their estimates over their finances, the country’s finances, saving intention and unemployment trends in the next 12 months.
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