Greece: Economic sentiment records worst reading since February in August
Economic sentiment fell to 106.3 in August from July’s 106.8. August’s result marked the worst performance since February. That said, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected declining sentiment in the industrial sector and cooling consumer confidence. On the flip side, sentiment in the construction, services and retail sectors strengthened in August.
Regarding indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index fell in August.