The Foundation for Economic and Industrial Research (IOVE) has documented a significant deviation between the expectations of consumers and businesses, based on the results of its surveys for February.
According to IOVE, the Economic Climate Index increased from 95.3 points in January to 98.2 points in February, reflecting an increase in consumer trust.
Specifically, the expectations for the financial situation of households and the country itself in the next 12 months are constantly improving, with the expectations for a reduction of unemployment being high.
The expectations for production in Industry are also showing some improvement, contrary to the Services sector, where short-term demand is in decline. The retail and construction sectors are also showing some improvement.
