IOVE documents an improvement of the financial climate in October

2 November 2015
121 Views

In its latest Business and Consumer survey, the Foundation for Economic & Industrial Research (IOVE) documented an improvement of the financial climate in Greece, with the Economic Sentiment Indicator increasing from 83.1 in September to 86.5 in October.

Although the improvement is important, it is still far lower than what it was last year (102.3) and before the introduction of capital controls. The report indicates that there is an improvement in almost all sectors, aside from services. An improvement is also documented in consumer confidence.

Overall, the report indicates that the both businesses and consumers are gradually integrating the presence of capital controls in everyday life and transactions, as well as adapting to the new bailout agreement and program. IOVE also notes that although taxpayers are to a great extent paying their taxes, which are higher than before, the real effect will be felt over the next few months.

You may be interested

Turkish deputy-Prime Minister accuses Greece of oppressing religious minorities in latest Turkish tirade against Greece
GREECE
shares58 views
GREECE
shares58 views

Turkish deputy-Prime Minister accuses Greece of oppressing religious minorities in latest Turkish tirade against Greece

makis - Nov 17, 2017

Turkish Deputy Prime Minister Bekir Bozdag accused Greece of imprisoning Muslim Imams, despite the country being a member of the…

Greek PM says country would rely on itself to face flood disaster
POLITICS
shares77 views
POLITICS
shares77 views

Greek PM says country would rely on itself to face flood disaster

makis - Nov 17, 2017

Greek PM Alexis Tsipras thanked European countries for offering to help after the flash floods in western Attica, Wednesday, which…

US meteorologist explains deadly storm that flooded Greek towns
GREECE
shares99 views
GREECE
shares99 views

US meteorologist explains deadly storm that flooded Greek towns

makis - Nov 17, 2017

“When the Atlantic hurricane season begins to quiet down in late October and November, it’s time to cast an eye…

Leave a Comment

Your email address will not be published.