Eco­nomic sen­ti­ment im­proves in De­cem­ber

Kathimerini English - - Focus -

Eco­nomic sen­ti­mentin Greece reached its high­est point in the last 15 months in De­cem­ber, ac­cord­ing to the in­dex com­piled by the Foun­da­tion for Eco­nomic and In­dus­trial Re­search (IOBE).

The read­ing of the in­dex last month was at 94.6 points, IOBE an­nounced yes­ter­day, up from 92.4 per­cent in Novem­ber, which con­firms the sta­bi­liza­tion of the econ­omy over the course of 2016.

IOBE ob­served that this im­prove­ment was achieved in spite of the strong tax pres­sure on house­holds and cor­po­ra­tions, and con­tin­ued un­cer­tainty over re­la­tions with the coun­try’s cred­i­tors.

En­ter­prises ap­peared last month – be­fore the new tax on­slaught from Jan­uary 1 – to be ad­just­ing to the en­vi­ron­ment, find­ing a new point of bal­ance re­gard­ing mar­ket de­mand and seek­ing the right place­ment in the do­mes­tic and in­ter­na­tional con­text. There was also a mi­nor re­duc­tion in pes­simism among con­sumers.

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