Greece: Economic sentiment decreases in November
Latest reading: Economic sentiment came in at 106.1 in November, down from October’s 106.9. As a result, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected weaker sentiment in the construction and services sectors. On the flip side, sentiment improved in the industrial and retail sectors. Moreover, consumer confidence rose in November.
Considering indicators that are not used to calculate the index, employment expectations weakened, while the economic uncertainty index fell in November.