Greece: Economic sentiment records worst reading since January in October
Economic sentiment came in at 106.4 in October, down from September’s 107.7. October’s result marked the weakest sentiment since January. That said, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected declining sentiment in the industrial, retail and services sectors. On the flip side, sentiment in the construction sector improved. Lastly, consumer confidence rose in October.
Referring to indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index increased in October.