[Shutterstcok]
The Greek economic sentiment index declined to 106.8 points in March from 107.6 points in February, according to the Economic Outlook survey released by the Foundation for Economic and Industrial Research (IOBE) on Thursday.
This decrease is attributed to the weakening of expectations across all business sectors, as well as in consumer confidence.
In construction, the upward trend observed in private projects in recent months has come to a halt, while in retail trade there has been a significant deterioration, mainly due to pessimistic assessments of the current situation and weaker expectations for orders in the near term.
Services recorded a significant decline, driven by negative assessments across all sub-components. In industry – which has a stronger influence on overall economic sentiment – expectations showed a milder negative adjustment.