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Greek Economic Sentiment Index Down in May

Greek economic sentiment index fell to 93.2 points in May from 94.9 in April, but remained above last year’s levels (90.1 points in May 2016), the Foundation for Economic and Industrial Research (IOBE) said on Thursday.
IOBE, in a monthly report, said that business expectations deteriorated significantly in the industrial and construction sector, but improved in the services and retail commerce sectors. IOBE said a volatility in the economic sentiment index in the last few months reflected uncertainty over completion of negotiations between Greek authorities and its creditors.
(Source: ANA-MPA)

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