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Economic Barometer – Consumer Climate Index (CCI) – December 2013

Consumer confidence has returned to the levels of early 2013, rising slightly relative to the previous month. In general, the relevant index has shown little movement during the current year. The reverting of optimism about the future of the economy to the levels of last October is the most important development, relative to November. Also noteworthy is the improvement in expectations regarding the course of inflation.

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Economic Barometer – Consumer Climate Index (CCI) – November 2013

Consumer confidence shows a marginal decline relative to October. The slight deterioration seen this month is due to a sharp downturn in citizens’ optimism about the future of the Greek economy. Generally speaking, the movement of the relevant index since the beginning of the current year leads to the conclusion that the recovery observed in January 2013 lacks sufficient momentum to further improve consumer sentiment.

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Economic Barometer – Consumer Climate Index (CCI) – September 2013

Consumer confidence showed an improvement relative to July. The rise observed in the current month may to some extent be due to seasonal variation of the respective index. In any event, the recovery seen since the beginning of the year appears to have taken hold, despite the sharp fluctuations caused by major political and economic shocks (developments in Cyprus, closure of state broadcaster ERT, withdrawal of Democratic Left from the three-party coalition government, etc.). But consumer confidence still remains at extremely low levels and citizens’ expectations for the future continue to be negative.

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