The economic climate in Greece saw an uptick in May, with the index rising to 111 points from April’s 108.8, according to the Foundation for Economic &Industrial Research (IOBE). This boost is driven by business sectors, while consumer confidence dips. Significant gains were observed in Construction and Retail Trade, with a modest rise in Industry. Conversely, Services experienced a decline, except for Tourism, where optimism remains high.
Current data and indicators for incoming tourism are particularly positive, expected to boost not only core tourism sectors but also related areas of the economy.
In more detail, Industry witnessed a slight decline in the negative balance of orders and demand assessments, minor weakening in stock estimates, and a drop in positive production forecasts for the upcoming months.
Regarding Construction, negative forecasts for business project schedules significantly reduced, while positive employment forecasts slightly improved.
Current sales assessments strengthened significantly in Retail Trade while inventory levels slightly decreased, and short-term sales forecasts modestly improved.
Services exhibited a slight improvement in the positive assessments of ongoing business conditions with current demand estimations showing marginal strengthening. However, short-term demand forecasts weakened significantly.
Finally, in terms of Consumer Confidence, households showcased an increase in pessimistic predictions concerning the country’s economic climate, while forecasts for their own economic prospects remained stable.
Conversely, forecasts relating to major purchases slightly improved, alongside a noticeable rise in the intention towards saving.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
German Ambassador to Greece Talks Ukraine, Rise of Far Right & Tariffs at Delphi Economic Forum X
Commenting on the political developments in his country, the German Ambassador stressed that it was clear the rapid formation of a new government was imperative, as the expectations across Europe showed.
Athens to Return Confiscated License Plates Ahead of Easter Holiday
Cases involving court orders will also be excluded from this measure.
Servicers: How More Properties Could Enter the Greek Market
Buying or renting a home is out of reach for many in Greece. Servicers propose faster processes and incentives to boost property supply and ease the housing crisis.
Greek Easter 2025: Price Hikes on Lamb, Eggs & Sweets
According to the Greek Consumers’ Institute, hosting an Easter dinner for eight now costs approximately €361.95 — an increase of €11 compared to 2024.
FM Gerapetritis Calls for Unified EU Response to Global Crises at EU Council
"Europe is navigating through unprecedented crises — wars, humanitarian disasters, climate emergencies," he stated.
Holy Week Store Hours in Greece
Retail stores across Greece are now operating on extended holiday hours for Holy Week, following their Sunday opening on April 13. The move aims to accommodate consumers ahead of Easter, but merchants remain cautious amid sluggish market activity.
Green Getaway Ideas for Easter 2025 in Greece
Celebrate Easter 2025 in Greece the sustainable way with eco-farms, car-free islands, and family-friendly getaways rooted in nature and tradition.
Civil Protection Minister Details Summer Firefighting Plans at Delphi Forum
At the 10th Delphi Economic Forum, Minister of Climate Crisis and Civil Protection Yiannis Kefalogiannis discussed Greece's plans for the upcoming fire season.
How Shops and Markets Will Operate During Easter Holy Week
The Easter holiday schedule has been in effect since April 10, with retail stores open Palm Sunday, and most supermarkets also operating to meet consumer demand for Easter shopping
Why Is the French Aircraft Carrier Charles De Gaulle in Piraeus?
Docking in Piraeus after a four-month deployment in the Indo-Pacific region, the admiral of the aircraft carrier the Charles de Gaulle says, "Greece is our best partner in the Mediterranean."
