Greek economic sentiment index rises to the highest reading in the last 12 months

The Greek economic sentiment index rose to 108.8 points in April from 107 in March, the highest reading in the last 12 months, the Foundation for Economic and Industrial Research IOBE said in a report on Wednesday. Cereport reports citing Athens-Macedonian

IOBE attributed this development to an improvement of expectations in the retail commerce and services sectors, with all other sectors falling and consumer confidence deteriorating. Greek households continued to suffer from rising prices in food and other basic items. However, consumer confidence on average was moving higher compared with last year's average. IOBE said that expectations remained positive ahead of the general elections on May 21 although a wait-and-see stance was evident ahead of the economic policy to be announced after the elections.

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