In contrast to consumer confidence, the intention for major purchases increased, although savings sentiment weakened slightly.

According to the latest Economic Outlook Survey by IOBE, the boost in sentiment was largely driven by rising expectations in the industrial and services sectors.

The unemployment rate in Greece recorded a further decline in January 2025, reaching 8.9%, according to the latest Foundation for Economic & Industrial Research (IOBE) report. The number of jobless individuals decreased to 410,000, marking a 31.4% drop compared to the previous year over the same period. Meanwhile, employment increased by 1.3% year-on-year, reaching 4.21 […]

According to IOBE, the uptick is primarily attributed to Industry and Construction, with consumer trust showing a more moderate improvement while retail trade appears to be waning after the holiday period

In services, expectations declined (-0.9), reflecting deteriorating assessments of current demand, future demand forecasts, and evaluations of the current business situation

It settled a a 5-month low at 106.8 in July