Marginal retreat noted the financial climate In May, with the index reaching 107.0 from 107.4 in April, according to a survey of IOBE.
According to IOBE data, this slight retreat of the economic climate index comes from the weakening of expectations in industry and services, as construction measurements, retail as well as consumer confidence are slightly enhanced.
In general, in the first months of 2025 the changes are marginal in the individual sectors of the economy, as well as in households, resulting in total minor fluctuations in the index.
According to the research, international upheavals and uncertainties do not seem to have significant effects, and there is an attitude of waiting for final developments. The various uncertainties, which remain for a long time in the global and European economy, appear to have not allowed significant improvement in expectations as expected with the start of the tourist season.
After all, the relative trends in the latter are expected to have a significant effect on the economic climate in the coming months. At the same time, it will be critical, overall for the economy, and the impact of the recovery fund, the final stages of which affect the growth of the economy and its quality characteristics.
More specifically:
- In industry, the negative balance of orders for orders and demand was maintained unchanged, stock estimates were reinforced, and positive forecasts for production in the coming months were slightly reduced.
- In constructions, mild positive forecasts for business work programs were mitigated, while positive employment forecasts were mildly limited.
- In retail, estimates for current sales are significantly reinforced, with stocks being maintained at the previous month’s levels and forecasts for short -term sales evolution slightly fading.
- In the services, positive estimates of the current business status have been mildly strengthened, as well as estimates for current demand, with forecasts for the short -term development of demand being strongly disclosed.
- In consumer confidence, households’ negative forecasts for the country’s financial situation have been maintained, while those for their own financial situation were significantly reinforced. At the same time, forecasts for major markets were gently enhanced and the intention of saving was intensified.
Source: RES – EIA