Greek Retail Sentiment Slumps in July Amid Rising Uncertainty
One of the clearest signs of this shift is the steep fall in companies' views on their current sales performance. Greece's retail sector saw a sharp decline in business sentiment in July, with the Retail Trade Business Expectations Index dropping to 93.4 points from 105.9 in June, according to the latest Economic Sentiment Survey by the Foundation for Economic and Industrial Research (IOBE). This downturn affects all key areas of retail, indicating a broad-based weakening of confidence across the sector. One of the clearest signs of this shift is the steep fall in companies' views on their current sales performance, with the balance of responses plunging to +7 points from +35 the previous month. Expectations for sales over the next three months were also less optimistic, though the drop was more moderate, easing to +24 from +27. At the same time, new orders saw a significant boost, reaching +23 points, suggesting some forward-looking...
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