The financial climate was reinforced in March, with the relevant index closing at 107.7 out of 106.9 points last month
The financial climate reinforced the Marchwith the relevant index closing at 107.7 out of 106.9 points last month. According to a survey of his financial context IOBEthis small reinforcement of the index comes from construction and industry as services, retail trade, and consumer confidence are slightly weakened. The optimistic forecasts for production in industry and the less pessimistic forecasts for the work program in private constructions have positively fueled the index. However, consumer’s negative estimates of their households and the country’s economy and the economy of the country appear to be strengthened, with a corresponding influence on retail and services.
As stated in the survey, the macroeconomic and budgetary data of the economy remains steady, with the reduction of unemployment generating income to more households. The same is true, however, with inflation that insists on prices above 2%. Increased external uncertainties, in a wave of protectionism manifested in international trade, are also expected to affect the extroverted parts of our economy, although the precise consequences cannot yet be evaluated in this volatile context. After all, by offsetting these trends, the strengthening of European business alliances in important sectors can also create new opportunities for Greek businesses as well.
More specifically:
– In industry, the negative balance of orders and demand assessments were slightly enhanced, estimates for stocks weakened, and positive forecasts for production in the coming months have improved significantly.
– In construction, negative forecasts for business work program were significantly reduced, while positive employment forecasts were maintained unchanged.
– In retail, estimates of current sales are weakened significantly, with stocks being unchanged and forecasts for short -term sales evolution to improve significantly.
– In the services, positive estimates for the current business status are maintained unchanged, while gently reinforcing estimates for current demand with forecasts for the short -term development of demand to be significantly diluted.
– In consumer confidence, the negative forecasts of households for the country’s financial situation intensified, and respectively they moved on their own financial situation. At the same time, forecasts for major markets were mildly weakened, while the intention of saving was marginally enhanced.
Source: Skai
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