Consumer confidence down, says IOBE

1 April 2016
672 Views

The Federation for Economic & Industrial Research (IOBE) said the economic climate index in Greece has plummeted by 7 points to 90.1 from 97.3 compared to the respective month in 2015.

The body also points to a drop in consumer confidence to 2013 levels. At the same time IOBE recorded a marginal rise in the economic climate index compared to February 2016 when it stood at 89 points.

The drop in consumer confidence is attributed to the bleak predictions of household for their financial state in the next 12 months, as well as the overall bad state of the Greek economy, especially the unemployment figures. As far as the Eurozone goes, IOBE’s projections are also negative with the climate deteriorating fir a third month in a row. More specifically the following countries had negative outlooks: Italy (-2.4), France (-1.8), Holland (-0.9), Spain (-0.4) and Germany (-0.1).

You may be interested

Coronavirus Greece: 2,215 new cases, 451 intubated, 32 deaths
GREECE
shares52 views
GREECE
shares52 views

Coronavirus Greece: 2,215 new cases, 451 intubated, 32 deaths

makis - Mar 05, 2021

Greece announced that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 2,215, of which 15…

Great city routes to explore on foot in Athens
ART
shares58 views
ART
shares58 views

Great city routes to explore on foot in Athens

Panos - Mar 05, 2021

Athens reveals its best charms to those who put one foot in front of the other! Whether you’re looking to…

Jerusalem Post: Turkey tries insulting Egypt, Greece in imaginary maritime deal – Analysis
DEFENCE
shares65 views
DEFENCE
shares65 views

Jerusalem Post: Turkey tries insulting Egypt, Greece in imaginary maritime deal – Analysis

Panos - Mar 05, 2021

Turkey has invented a new “reconciliation,” after attempts to spread propaganda stories of “reconciliation” with Israel failed last year. In…

Leave a Comment

Your email address will not be published.