Greek economic sentiment index falls to 107.4 points in April

The Greek economic sentiment index fell to 107.4 points in April from 107.7 in March, the Foundation for Economic and Industrial Research (IOBE) said in a report on Friday.
According to the report, this slight decline is attributed to the construction and consumer confidence, as industry, services and retail trade have slightly strengthened.
In general, since the beginning of the year, the index has been moving with small fluctuations and with marginal, most of the time, changes. This trend is, according to the report, indicative on the one hand of the generally stable course of the domestic economy without particular changes in production and markets, on the other hand of a pause, rather, of a waiting stance ahead of possible developments.
"Of course, the election of a new President in the US and the announcement of new economic policy measures that increase uncertainty and question the direction of international markets may cause turbulence that will seriously and multidimensionally affect our own economy. However, these have not yet been precisely determined nor have they changed the basic pillars around which a relatively more closed and less directly exposed to international changes, such as the Greek economy, moves. In the coming period, after all, the tourist season begins, which, directly or indirectly, affects many sectors of the Greek economy. The development of inbound tourism, therefore, is expected to affect the relevant expectations of households and many businesses in the coming period," the IOBE report pointed out.