Grade the index has been significantly reinforced climate In July, closing at 109.1 points, from 106.1 points last month, the highest performance in the last 13 months. His financial investigation IOBEthis improvement comes from enhancing expectations in industry and services, as in other areas the image stabilizes or worsening.
In particular, the current demand improves in the industry, while constructions have a slight correction of estimates for the work program that was, however, very positive. Services maintain their potential mainly because of the restaurant hotel industry, with the satisfaction of the current and short -term demand. On the contrary, retailing has a significant deterioration in all its sectors, as in consumer confidence where the lowest performance of the last 9 months is recorded. Consumer forecasts for their household’s financial situation in the upcoming 12 months are deteriorating, with 59% of households awaiting slight or noticeable deterioration of their financial situation. In any case, however, the assessment of businesses of various sectors of the economy is significantly improved and dominated in the direction of the economic climate, despite the concerns that households still have, according to the IOBE research.
More specifically:
- In industry, the negative balance of orders for orders and demand turned to positively, estimates for stocks were slightly weakened, while positive forecasts for production in the coming months were mildly reduced.
- In constructions, positive forecasts for business work program were greatly enhanced, while the corresponding positive employment forecasts retreated strongly.
- In retailing, strong positive estimates of current sales are significantly receding, with stocks escalating and forecasts for short -term sales development slightly weakening.
- In the services, positive estimates of the current business status have been mildly strengthened, as well as positive estimates for current demand, with optimistic forecasts for the short -term development of demand to scale marginally.
- In consumer confidence, the negative forecasts of households for the country’s financial situation have intensified, as did those of their own financial situation. On the contrary, forecasts for major markets have been improved while increasing the intention of saving.