Faded the financial climate In April, with the relevant index closing at 107.4 out of 107.7 points last month, according to a survey of IOBE.
As the IOBE figures show, this slight retreat of the economic climate index comes from construction and consumer confidence, as industry, services and retail is slightly reinforced.
In general, the index since the beginning of the year is moving with low fluctuations and with marginal, most of the time, changes. This trend is, according to research, indicative of the generally stable course of the domestic economy without any particular changes in production and markets, on the other hand, rather waiting for possible developments.
“Of course, the election of a new US president and the proclamation of new economic policy measures that are increasing uncertainty and questioning recent years in international markets can cause turmoil that will affect us seriously and multidimensional and our own economy. However, these have not yet been determined, nor have they changed basic pillars around which a relatively closed and less directly exposed economy, such as Greek, are still moving around. Next, after all, the tourist season begins, which, directly or indirectly, affects a number of sectors of the Greek economy. The evolution of incoming tourism, therefore, is expected to affect the next time to households and a number of businesses, ”the IOBE research said.
More specifically:
- In industry, the negative balance of orders for orders and demand was slightly mitigated, 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 significantly reduced, while positive employment forecasts were strengthened.
- In retail, estimates for current sales are maintained at normal levels for the season, with stocks scalaching mildly and forecasts for short -term sales evolution significantly.
- In the services, positive estimates of the current business status have been mildly reinforced, while estimates for current demand were maintained unchanged with forecasts for the short -term development of demand slightly scaled.
- In consumer confidence, the negative forecasts of households on the country’s financial situation intensified, and respectively they moved on their own financial situation. At the same time, forecasts for major markets were gently faded while the intention of saving was limited.
Source: RES – EIA