Greece: Economic sentiment deteriorates in June
Economic sentiment came in at 110.6 in June, down from May’s 111.0. However, the index remained notably above the long-term average of 100, pointing to a very positive near-term outlook for the economy.
The downtick was driven by weaker sentiment in the services sector. On the flip side, sentiment in the industrial, construction and retail sectors improved. Additionally, consumer confidence was up in June.
Considering indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index fell in June.