Economic sentiment in Greece recorded a significant decline in October 2022, with tt, down from 104.9 in September 2022, the lowest figure in nearly two years, according to a bulletin by the Foundation for Economic and Industrial Research (IOBE) on Tuesday.
Specifically, IOBE said the decline was in line with similar trends in Europe and reflected lower expectations in the services and industrial sectors, as well as a continuing decline in consumer confidence. Retail commerce showed signs of recovery while public works continued supporting the construction sector, IOBE stated.
Business expectations in the industrial sector showed a negative balance of estimates over new orders and demand, while positive forecasts over production in the coming months rose slightly
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