Greece: Economic sentiment deteriorates in May
Latest reading: Economic sentiment fell to 107.0 in May from April’s 107.4. 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 weaker sentiment in the industrial and services sectors. That said, sentiment in the construction and retail sectors strengthened. Moreover, consumer confidence increased in May.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index fell in May.