In its latest study on the economic sentiment in Greece, the Foundation for Economic & Industrial Research (IOVE) documented a minor improved in October. The study reveals that the Economic Sentiment Index grew to 93.8 in October, from 91.4 in July and 87.1 last year.
This improvement has been attributed to growing expectations in services and consumer confidence – and to a lesser extent in industry. On the contrary, the climate in retail trade and construction grew worse.
According to IOVE despite the delays in implementation of reforms they are being carried out without surprises, a fact which has contributed towards a gradual normalization. IOVE also stressed the importance of completing the first bailout review and estimates that it may contribute towards a return to a marginal growth in the second half of the year.
