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Greek economic sentiment index jumped to 105.3 points in July

Featured Greek economic sentiment index jumped to 105.3 points in July

Greek economic sentiment index jumped to 105.3 points in July from 101 in June, the highest level since March 2008, the Foundation for Economic and Industrial Research (IOBE) said in a monthly report released on Thursday.

IOBE said expectations improved in all business sectors during the month, while consumer confidence rose to a 12-year high and noted that the report was the first to be released after the July general elections and highlighted strong optimism among citizens and enterprises.

More specifically, business expectations in the manufacturing sector showed an improvement in the negative balance of estimates over production and inventories, while estimates over production in the coming months were slightly changed. In the construction sector, estimates over work programme changed significantly along with negative estimates over employment. In the retail sector, positive estimates over current sales rose markedly, while estimates over their short-term trends and inventories were almost unchanged. In the services sector, positive estimates over the current condition of enterprises strengthened more.

Greek households' estimates over the country's finances and their finances improved, along with estimates over savings and unemployment.