Greece’s economic sentiment index fell further in April to 74.2 points from 78.4 in March, the Institute for Economic and Industrial Research (IOBE) said on Wednesday. In a monthly report, IOBE attributed this decline to a worsening climate in the manufacturing and retail commerce sectors and said consumer confidence continued falling during that month.
IOBE said the economic sentiment index fell to 2010 levels, evidence that businesses’ and consumers’ expectations failed to improve in the twelve months since the country resorted to a European support mechanism. Business expectations remain poor while most consumers continue having doubts over an economic recovery in the country.
(source: ana-mpa)
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
