Greek CEOs were more optimistic over economic developments in the country and in their businesses in the second quarter of 2016, according to a survey released on Thursday. The EASE/ICAP-CEO General Index economic sentiment index grew to 123 points in the second quarter reflecting a largely positive climate after completion of the first review of the Greek programme, despite uncertainty related with a Brexit vote in the UK. The survey was conducted based on a sample of 3,020 CEOs from the largest Greek enterprises by the Association of Greek CEOs (EASE) in cooperation with ICAP Group in the period June 15-June 30.
Greek CEOs, however, expressed concern over issues such as NPLs and developments in the domestic labour market. The EASE/CEO Expectation Index grew to 132 points in the second quarter from 124 in the first quarter of 2016. The current economic condition index jumped to 134 points from 114 points, while the percentage of CEOs saying that the country’s current economic condition improved grew to 10 pct from 2.0 pct in the previous quarter, while those saying that economic conditions deteriorated fell to 67 pct from 80 pct.
The current economic condition of the sector improved to 123 points from 113 points in the first quarter, while the expectation index for each sector grew to 136 points from 124.
The current economic condition of companies’ index grew to 108 points in the second quarter from 100 points in the previous period, while the current investment spending index also rose to 103 points from 92 points.
Source: banksnews.gr
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