The economic sentiment index in Greece rose to 109.5 points in December, from 107 in November, the Greek Foundation for Economic and Industrial Research (IOBE) announced in a report on Thursday, according to ANA.
The IOBE, in its monthly report, noted the latest increase was the result of improving expectations in the construction and services sectors, followed by an improvement in the industrial sector and a strengthening of consumer confidence throughout December.
The retail commerce sector was the only economic area to lose ground, in spite of the further improvement of consumer confidence to a 19-year high.
Business expectations in the industrial sector showed a slight improvement in inventories and production trends.
In retail commerce, positive estimates concerning current sales rose moderately, with inventories increasing as well in December.
In terms of consumer confidence, Greek households’ estimates regarding the strength of their own and the country’s finances deteriorated in December; nevertheless, there was an increase in the number of citizens who stated that they intended to save more money.
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