Greece: Economic sentiment picks up in January
Economic sentiment rose to 107.2 in January from December’s 105.8. As a result, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected improved sentiment in the industrial sector and stronger sentiment in the construction sector. That said, confidence in the services and retail sectors waned in January. Finally, consumer confidence weakened in January.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index rose in January.