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Athens Macedonian News Agency: News in English, 13-03-06
CONTENTS
[01] Greek economic sentiment index rises to two-year high in Feb.
[01] Greek economic sentiment index rises to two-year high in Feb.
AMNA -- Greece's economic sentiment index rose to 86.9 points in February,
up from 85.8 points in January, a two-year high, the Institute for
Economic and Industrial Research (IOBE) said on Wednesday.
IOBE, in its monthly report, said that business expectations improved
in all sectors, except that of retail commerce, while consumer
confidence stabilized at low levels. The report noted that both
citizens and enterprises were trying to adjust to the situation
created by the implementation of additional fiscal measures and a
decision by the country's foreign creditors to continue funding the
Greek economy. Consumer confidence, however, remained subdued with
pessimistic forecasts by citizens, both over their personal finances
and the country's economy.
More analytically, business expectations in the manufacturing sector
improved significantly, with forecasts over current orders and demand
remaining unchanged and inventories rising slightly.amna
Business expectations in the services sector eased slightly over
their current activity, but rose over current demand and short-term
developments.
In the retail sector, expectations over current sales deteriorated,
while expectations over short-term sales prospects and inventories
remaining unchanged.
In the construction sector, expectations improved
markedly, while employment prospects recovered
slightly.amna Tahoma;mso-fareast-font-family:"Times New
Roman";color:#0F1419;mso-ansi-language: The consumer confidence index
improved slightly in February, recovering for the fourth consecutive
session, both in the Eurozone and the EU-27, although it remained far
from its long-term average.
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