Signs of improvement in the economic climate of Greece in October



The economic climate in Greece showed signs of improvement in October, according to the results of the European Commission’s monthly survey, while in the Eurozone the recovery trend of the same index was stopped. In particular, the Economic Sentiment Indicator (ESI) reached in Greece in October at 92.3 points from 89.5 in September, while the Employment Expectations Indicator (EEI) increased to 106.6 from 105.3 points. Respectively, in the Eurozone, the ESI was to 90.9 points as in September, while the EEI decreased to 89.8 from 91.6 points. As analysts note, the increase in the economic climate index in Greece resulted from the improvement of confidence in all areas of business activity. Specifically, confidence increased in industry (-9.0 from -18.1 points), services (-25.6 from -26.9), retail (-15.3 from -21.1) and constructions (-46.6 from -52.1). On the contrary, consumer confidence fell (-45.5 from -41.0 points). At the same time in the Eurozone, the stagnation of the ESI reflects the decline in consumer confidence and confidence in the services sector, which offset its continuing recovery Among the largest economies in the Eurozone, the ESI improved in Germany (1.5 points) and Italy (1.2), while it fell significantly in the Netherlands (-2.2) and France. (-4.5). The climate in Spain remained virtually stable (-0.2 points). Follow it on Google News and be the first to know all the news See all the latest news from Greece and the world, at



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