BREAKING NEWS

BREAKING NEWS

Greek business sentiment slows

Now Reading:

Greek business sentiment slows

Text size Aa Aa

Consumer confidence in Greece has worsened markedly while there has been a weakening of expectations in all sectors of the economy except construction.

Those are two results from a survey by the Foundation for Economic and Industrial Research – the IOBE and come as the country heads into a snap election in two weeks time.

The IOBE said its overall index for the Greek economy fell to 98.9 points in the final month of the year from 102.7 in November its lowest level since April 2014.

The index is based on consumer confidence gauges and readings of the business outlook in sectors including construction, manufacturing industry, retail trade and services.