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Greek Economic Sentiment up in September

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Greek economic sentiment climbed to 100.6 points in September, up from 99 points in August 2017 and 98.2 points in July 2017, its highest point since December 2014, the Foundation of Economic and Industrial Research’s (IOBE) announce.

“Despite the heavy tax and other burdens on households and corporations, it appears there are expectations of an economic recovery, albeit at a slower pace than previously forecast,” IOBE noted.

In September the Economic Sentiment Index rose above the 100-point mark to reach 100.6 points, against 99 points in August and 91.8 points a year earlier. The Business Expectations Index in Industry reached 99 points from 91.6 points in July thanks to the recovery of expectations for output and orders.

The construction index improved for a third straight month to 68.2 points on the back of the 10-point month-on-month growth in the index for private construction.

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