Marginal decline in consumer confidence in February. Its magnitude, however, was not enough to prevent the relative improvement in the consumer climate in the past two months. On the other hand, the decline observed in February shows that the recovery of citizens’ expectations concerning the economy lacked the strength necessary to pull consumer confidence back to levels recorded prior to the signing of the Memorandum.

Consumer confidence in Greece showed a significant improvement relative to December. The Consumer Climate Index – CCI (60) approached the levels of last July (60.5), registering an increase of 7.1 points in the space of one month. The Current Economic Conditions Index – CECI (36.8) remained at roughly the same levels as December, while in contrast, the Consumer Expectations Index – CEI (75.5) rose (+11.5) relative to the previous month.