The Greek economic sentiment index rose to 113.2 points in February, from 109.5 in January, to its highest level in the last 19 years, the Foundation for Economic and Industrial Research (IOBE) said in a report on Wednesday, ANA reports.
IOBE, in its monthly report, said that business expectations improved strongly in the industrial sector, mildly in services, while consumer confidence rose its highest level since July 2000. The report noted that both the business and consumer units have been affected by favourable conditions prevailing in the Greek economy during the last few months and the positive outlook created by a gradual decline in funding cost, tax cuts and other expected favourable fiscal interventions. Nevertheless, it stressed that a crucial role will be played by the extent of a likely impact on economic sentiment from uncertainties over geopolitical tensions, an emerging refugee crisis, the fast-spreading coronavirus and subdued economic growth rates in Europe and other trading partners.
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