Economic Sentiment Hits 2008 High In July, IOBE Confirms

Date: 31.07.2019 / / Comments (0)

Greece's economic sentiment index shot up to 105.3 points in July from 101 the month before, to reach a high unseen since March 2008, the Foundation for Economic and Industrial Research (IOBE) said in its latest monthly Business and Consumer Survey, confirming a report from Eurostat on Tuesday.

Sentiment improved across the board in every sector of business – industry, retail, services and construction – while consumer confidence also climbed to a near-12-year high, IOBE reported on Thursday, pointing to the general elections of July 7 that brought a pro-business government to power as contributing to the upbeat mood.

Optimism was most evident among consumers, IOBE said, as they look forward to an improvement in their personal and household finances, with businesses holding a more guarded view for the time being.

In the sector of industry, forecasts for orders and demand grew slightly in July compared with the month before that, though inventory and future orders did not score as well. Overall, the confidence index stood at 104.4 points in July, which is a slight improvement from June's 104.2 points, but a drop from 105.9 points in July 2018.

With 58 points last month from June's 54.6 and July 2018's 56.9, construction was particularly optimistic, seeing the government's program boosting orders and employment, while services are also in upbeat mood rising to 108 points from 99.7 in July 2018 and 98.1 last month as the sector sees demand improve in the coming months.

The retail sector seemed pleased with its present performance, though it is not as optimistic for the future, according to IOBE, which gave it a score of 104.9 in July, down from 105.8 in the same month last year, but up from June's 103.2 points.

Consumers are all smiles, meanwhile, as they foresee an improvement in their finances and employment prospects, as well as the opportunity to increase their savings, the report found. The negative index rose to -20.2 in July from -27.8 points in June and from a bleak score of -46.5 points in July 2018.

Reviews & Comments ( has relaunched as the top Greek real estate and property website portal dedicated to Greece and Cyprus’ industry.’s members include top real estate agents, realtors, individual sellers, FSBO, sale by owners, architects, developers, construction companies, lawyers, notaries and others that advertise residential (house, home, land, apartments, flats, villas, land, parcels and commercial listings for those looking to buy, sell and rent across all of the Hellenic Republic. is like the MLS database portal that is advertised in the top Greek diaspora and international markets around the world to those looking to invest - including Australia, the United States, Canada, United Kingdom, Germany, France, Spain, France, Europe, South Africa, Russia and everywhere else. Most foreigners start their home search in popular destinations like Mykonos, Chania, Crete, Athens, Thessaloniki, Cyclades, Santorini, Rhodes, Corfu, Ios, Lefkada and many more cities, prefectures and regions in Greece. has been featured in most Greek news media outlets and in some of the leading international publications in newspapers, magazines, websites, online news portals, television and radio. Notable publications featuring and its founder, Georgios Stroumboulis include the Wall Street Journal, G1 Brasil, India Today, Barron’s, El Mundo, Naftemporiki, Kerdos, Isotimia, Vradyni, Elefterotypia, Elefteros Typos, Imerisia, Ta Nea, Ethnos, Neos Kosmos,,,,,, People Greece,, Radio Neo Show, Antenna ANT1 Satellite TV, MEGA TV, Makedonia TV, Channel 9 (Το Α και το Ω των ακινήτων). is the only real estate website to have produced its own reality TV show called Hellenic Home Hunting ( Created, produced and edited by George Stroumboulis’ media company, BouliBrand (, this TV show caused an international media storm for controversy during the unstable economy period in Greece. Visit for the latest property listings and start your search, register for an account to sell or simply browse our news. Stay connected with us on Facebook (, Twitter (, LinkedIn (, YouTube (, and Instagram ( Use the hashtag #GPE360 and #HellenicHomeHunting.

featured on the front page of

The Only TV Show Promoting
Greek Real Estate to the World!