Greece: Economic sentiment picks up in September
Latest reading: Economic sentiment rose to 110.2 in September from August’s 106.1. Consequently, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected healthier sentiment in the industrial and services sectors. That said, sentiment in the construction and retail sectors deteriorated in the surveyed month. Moreover, consumer confidence weakened.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index increased in September.