The Foundation for Economic & Industrial Research's (IOBE) economic sentiment index showed a slight decline in November, but with the consumer confidence index strengthening slightly.

Specifically, as reported in the IOBE's monthly Industry Developments Bulletin, the economic sentiment index stood at 106.1 points compared to 106.9 points in the previous month and 105.3 points a year ago.

The weakening of sentiment was driven by deterioration in construction and services, with manufacturing and retail trade improving slightly.

At the same time, the consumer confidence index strengthened slightly in November to -47.3 points (from -50.3 points a month earlier) but remained lower than a year ago (-45.6 points).

In manufacturing, the trend in business expectations was positive, improving to 105.9 points in November from 103.5 points in the previous month, significantly higher than a year ago (95.3 points)

Leading sectors are food, beverages, tobacco and pharmaceuticals, excluding petroleum products in 2023

According to the IOBE, in 2023 there was a strengthening of the gross value added of domestic industry at €19.9 billion, up from €19.3 billion a year ago. However, the Gross Value Added of Domestic Industry in 2023 remained unchanged as a percentage of GDP, at 10%, and above the long-term average. At the same time, there was a marginal decline in the euro area to 15.5% from 15.8% in 2022.

The leading sectors in Greece are food, beverages, Tobacco and pharmaceuticals, excluding oil products.