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Services lift Greek economic sentiment in September October 5, 2007

Posted by grhomeboy in Business & Economy.
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Greek economic sentiment improved in September, boosted by greater consumer confidence and a positive outlook in the services sector, the Foundation for Economic and Industrial Research (IOBE) said yesterday.

Greece’s overall economic climate index is based on business expectations sub-indices, covering industry, construction, retail trade, services and consumer confidence. In September, the index rose to 111.9 points from 109.2 in August, surpassing the respective EU-27 benchmark for the first time since 2004, IOBE said.

“Expectations in the services sector were particularly favorable, with the marked rise mainly due to the positive course of demand. Consumer confidence was also stronger compared to July and August as the overall assessment of households’ financial condition was less pessimistic,” IOBE said.

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