TCCI Barometer · 2009. 11. 13. · 1.Prefecture of Thessaloniki: TCCI Barometer 2.Greece : FEIR...
Transcript of TCCI Barometer · 2009. 11. 13. · 1.Prefecture of Thessaloniki: TCCI Barometer 2.Greece : FEIR...
TCCI Barometer
September 2009
“Establishing a reliable tool for monitoring the
financial, business and social activity in the
Prefecture of Thessaloniki”
•Conduct every six months (March – September, 2nd fortnight)
•Monitoring five (5) populations of interest:
- Residents – Consumers in the Prefecture of Thessaloniki (Consumer Survey)
- Retail Trade companies in the Prefecture of Thessaloniki (Retail Trade Survey)
- Industries – Manufacturers in the Prefecture of Thessaloniki (Industry Survey)
- Services companies in the Prefecture of Thessaloniki (Services Survey)
- Construction companies in the Prefecture of Thessaloniki (Construction Survey)
• Conduct via telephone interviews (CATI system)
• Total sample of 1.500 respondents (700 consumers & 800 companies)
• Questionnaires along the lines of instructions for investigating
economic climate (DG – ECFIN)
Consumer Survey
Industry Survey
Services Survey
Retail Trade Survey4
3
2
1
Construction Survey5
Consumer Survey1
Consumer Confidence Indicator
Prefecture of Thessaloniki : -32
Greece : -39
European Union : -17
Consumer Survey1
Source:
1.Prefecture of Thessaloniki: TCCI Barometer
2.Greece : FEIR
3.European Union : DG ECFIN
Consumer Confidence Indicator (March 2009)
Prefecture of Thessaloniki : -46
Greece : -56
European Union : -32
Consumer Survey1
Balances (Positive – Negative)THE: -35
GR: -40
EU: -18
Balances (Positive – Negative)THE: -35
GR: -50
EU: -17
March 2009
1%2%
41%
38%
18%
0%
How has the financial situation of your household changed over the last 12 months?
It has…
got a lot better
got a little better
stayed the same
got a little worse
got a lot worse
don't know
1%3%
41%
34%
21%
How has the financial situation of your household changed
over the last 12 months? It has…
got a lot better
got a little better
stayed the same
got a little worse
got a lot worse
Consumer Survey1
Balances (Positive– Negative)THE: -23
GR: -39
EU: -10
Balances (Positive – Negative)THE: -13
GR: -22
EU: -3
March 2009
1%
12%
32%
36%
12%
7%
How do you expect the financial position of your household to change over the next 12 months? It
will…
get a lot better
get a little better
stay the same
get a little worse
get a lot worse
don't know
2%
15%
39%25%
10%
9%
How do you expect the financial position of your household to change over the next 12 months? It
will…
get a lot better
get a little better
stay the same
get a little worse
get a lot worse
don't know
Consumer Survey1
Balances (Positive – Negative)THE: -61
GR: -71
EU: -67
Balances (Positive – Negative)THE: -60
GR: -71
EU: -58
March 2009
0%1%
12%
46%
39%
2%
How do you think the general economic situation in the country has changed over the past 12
months? It has…
got a lot better
got a little better
stayed the same
got a little worse
got a lot worse
don't know
0%
3%
12%
43%
40%
2%
How do you think the general economic situation in the country has changed over the past 12 months?
It has…
got a lot better
got a little better
stayed the same
got a little worse
got a lot worse
don't know
Consumer Survey1
Balances (Positive – Negative)THE: -36
GR: -64
EU: -40
Balances (Positive – Negative)THE: -26
GR: -38
EU: -11
March 2009
1%
14%
27%
26%
21%
11%
How do you expect the general economic situation in this country to develop over the next 12 months?
It will…
get a lot better
get a little better
stay the same
get a little worse
get a lot worse
don't know
1%
14%
20%
31%
28%
6%
How do you expect the general economic situation in this country to develop over the next 12 months?
It will…
get a lot better
get a little better
stay the same
get a little worse
get a lot worse
don't know
Consumer Survey1
Balances (Positive – Negative)THE: +28
GR: +55
EU: +26
Balances (Positive – Negative)THE: +23
GR: +45
EU: -2
March 2009
6%
19%
20%28%
25%
2%
How do you think that consumer prices have developed over the last 12 months? They have…
fallen
stayed about the same
risen slightly
risen moderately
risen a lot
don't know
7%
16%
15%
32%
27%
3%
How do you think that consumer prices have developed over the last 12 months? They
have…
fallen
stayed about the same
risen slightly
risen moderately
risen a lot
don't know
Consumer Survey1
Balances (Positive – Negative)THE: +8
GR: +31
EU: +2
Balances (Positive – Negative)THE: +11
GR: +7
EU: -9
March 2009
5%
25%
16%30%
13%
11%
By comparison with the past 12 months, how do you expect that consumer prices will develop in the next
12 months? They will...
fall
stay about the same
increase at a slower rate
increse at the same rate
increase more rapidly
12%
21%
16%24%
19%
8%
By comparison with the past 12 months, how do you expect that consumer prices will develop in
the next 12 months? They will...
fall
stay about the same
increase at a slower rateincrese at the same rateincrease more rapidly
don't know
Consumer Survey1
Balances (Positive – Negative)THE: -73
GR: -71
EU: -66
Balances (Positive – Negative)THE: -53
GR: -47
EU: -46
March 2009
1%
4%
16%
36%
38%
5%
How do you expect the number of people unemployed in this country to change over the next 12 months?
The number will…
fall sharply
fall slightly
remain the same
increase slightly
increase sharply
don't know
1%3%
6%
27%
61%
2%
How do you expect the number of people unemployed in this country to change over the next 12 months? The
number will…
fall sharply
fall slightly
remain the same
increase slightly
increase sharply
don't know
Consumer Survey1
Balances (Positive – Negative)THE: -38
GR: -48
EU: -24
Balances (Positive – Negative)THE: -37
GR: -44
EU: -15
March 2009
19%
21%
57%
3%
In the view of the general economic situation, do you think that now it is the right moment for people to
make major purchases such as furniture, electrical/electronic devices, etc.?
yes,it is the right moment now
it is neither the right moment nor the wrong moment
no, it is not the right moment now
don't know
1%
22%
17%60%
In the view of the general economic situation, do you think that now it is the right moment for people to
make major purchases such as furniture, electrical/electronic devices, etc.?
don't know
yes,it is the right moment now
it is neither the right moment nor the wrong moment
no, it is not the right moment now
Consumer Survey1
Balances (Positive – Negative)THE: -52
GR: -37
EU: -25
Balances (Positive – Negative)THE: -31
GR: -33
EU: -24
March 2009
8%
11%
24%
24%
32%
1%
Compared to the past 12 months, do you expect to spend more or less money on major purchases
(futniture, electrical/electronic devices,etc.) over the next 12 months? I will spend…
much more
a little more
about the same
a little less
much less
don't know
6%6%
16%
22%
49%
1%
Compared to the past 12 months, do you expect to spend more or less money on major purchases
(futniture, electrical/electronic devices,etc.) over the next 12 months? I will spend…
much more
a little more
about the same
a little less
much less
don't know
Consumer Survey1
Balances (Positive – Negative)THE: -43
GR: -36
EU: +13
Balances (Positive – Negative)THE: -45
GR: -46
EU: +14
March 2009
8%
14%
27%
47%
4%
In view of the general economic situation, do you think that now is…?
a very good moment to save
a fairly good moment to save
not a good moment to save
a very bad moment to save
don't know
5%
21%
27%
44%
3%
In view of the general economic situation, do you think that now is…?
a very good moment to save
a fairly good moment to save
not a good moment to save
a very bad moment to save
don't know
Consumer Survey1
Balances (Positive – Negative)THE: -53
GR: -49
EU: -11
Balances (Positive – Negative)THE: -47
GR: -50
EU: -8
March 2009
7%
17%
23%
51%
2%
Over the next 12 months, how likely is it that you save any money?
very likely
fairly likely
not likely
not at all likely
don't know
8%
13%
22%56%
1%
Over the next 12 months, how likely is it that you save any money?
very likely
fairly likely
not likely
not at all likely
don't know
Consumer Survey1
Balances (Positive – Negative)THE: -7
GR: -1
EU: +12
Balances (Positive – Negative)THE: -13
GR: +2
EU: +13
March 2009
3%
20%
49%
14%
13%
1%
Which of these statements best descrides the current financial situation of your household?
we are saving a lot
we are saving a little
we are just managing to make ends meet on our incomewe are having to draw on our savings
we are running into debt
don't know
2%
18%
47%
16%
16%
1%
Which of these statements best descrides the current financial situation of your household?
we are saving a lot
we are saving a little
we are just managing to make ends meet on our incomewe are having to draw on our savings
we are running into debt
don't know
Consumer Survey1
Balances (Positive – Negative)THE: -83
GR*: -78
EU*: -74
*Data of January ‘09
Balances (Positive – Negative)THE: -76
GR*: -76
EU*: -74
*Data of July ‘09
March 2009
5%7%
7%
81%
0%
How likely are you to buy a car over the next 12 months?
very likely
fairly likely
not likely
not at all likely
don't know
4%5%
4%
87%
How likely are you to buy a car over the next 12 months?
very likely
fairly likely
not likely
not at all likely
Consumer Survey1
Balances (Positive – Negative)THE: -87
GR*: -87
EU*: -90
*Data of January ‘09
Balances (Positive – Negative)THE: -84
GR*: -80
EU*: -88
*Data of July ‘09
March 2009
3%6%2%
88%
1%
Are you planing to buy or build a home over the next 12 months (to live in yourself, for a member of your family,
as a holiday home, to let etc.)?
yes, definitely
possibly
probably not
no
don't know
2%6%2%
90%
Are you planing to buy or build a home over the next 12 months (to live in yourself, for a member of your family,
as a holiday home, to let etc.)?
yes, definitely
possibly
probably not
no
Consumer Survey1
*Data of January ‘09
Balances (Positive – Negative)THE: -71
GR*: -68
EU*: -60
*Data of July ‘09
Balances (Positive – Negative)THE: -63
GR*: -66
EU*: -58
March 2009
7%
11%
14%
68%
0%
How likely are you to spend any large sums of money on home improvements or renovations over the next
12 months?
very likely
fairly likely
not likely
not at all likely
don't know
5%9%
10%
76%
How likely are you to spend any large sums of money on home improvements or renovations over the next 12
months?
very likely
fairly likely
not likely
not at all likely
Industry Survey2
Industry Survey2
Business Expectations Indicator (Industrial Sector) – March 2009
Prefecture of Thessaloniki : -28
Greece : -37
European Union : -39Source:
1.Prefecture of Thessaloniki: TCCI Barometer
2.Greece : FEIR
3.European Union : DG ECFIN
Business Expectations Indicator (Industrial Sector)
Prefecture of Thessaloniki : -16
Greece : -24
European Union : -24
Industry Survey2
decreased60%
remained unchanged
31%
increased8%
don’t know1%
How has your production developed over the past 6 months? It has:
Balances (Positive – Negative)THE: -53
GR: -35
EU: -46
decreased57%
remained unchanged
26%
increased14%
don’t know3%
How has your production developed over the past 6 months? It has:
Balances (Positive – Negative)THE: -45
GR: -20
EU: -20
March 2009
Industry Survey2
not sufficient59%
sufficient37%
more than sufficient
3%
don’t know1%
Do you consider your current overall order books to be:
Balances (Positive – Negative)THE: -57
GR: -56
EU: -61
not sufficient56%
sufficient41%
more than sufficient
2%
don’t know1%
Do you consider your current overall order books to be:
Balances (Positive – Negative)THE: -53
GR: -54
EU: -55
March 2009
Industry Survey2
not sufficient42%
don’t know33%
sufficient23%
more than sufficient
2%
Do you consider your current export order books to be:
Balances (Positive – Negative)THE: -58
GR: -53
EU: -60
more than sufficient
3%
sufficient27%
not sufficient39%
don’t know31%
Do you consider your current export order books to be:
Balances (Positive – Negative)THE: -52
GR: -45
EU: -55
March 2009
Industry Survey2
adequate58%
too small18%
too large17%
don’t know7%
Do you consider your current stock of finished products o be:
Balances (Positive – Negative)THE: -01
GR: +34
EU: +22
adequate65%
too large16%
too small12%
don’t know7%
Do you consider your current stock of finished products to be:
Balances (Positive – Negative)THE: +04
GR: +20
EU: +11
March 2009
Industry Survey2
decrease43%
remain unchanged
31%
increase18%
don’t know8%
How do you expect your production to develop over the next 6 months? It will…
Balances (Positive – Negative)THE: -27
GR: -20
EU: -35
remain unchanged
43%
increase28%
decrease20%
don’t know9%
How do you expect your production to develop over the next 6 months? It will…
Balances (Positive – Negative)THE: +09
GR: +01
EU: -06
March 2009
Industry Survey2
remain unchanged
57%decrease29%
increase8%
don’t know6%
How do you expect your selling prices to change over the next 6 months? They will…
Balances (Positive – Negative)THE: -22
GR: -18
EU: -13
remain unchanged
65%
decrease19%
increase10%
don’t know6%
How do you expect your selling prices to change over the next 6 months? They will…
Balances (Positive – Negative)THE: -10
GR: -07
EU: -08
March 2009
Industry Survey2
remain unchanged
66%
decrease25%
don’t know5%
increase4%
How do you expect your firm’s total employment to change over the next 6 months? It will…
Balances (Positive – Negative)THE: -21
GR: -36
EU: -41
remain unchanged
72%
decrease18%
increase8%
don’t know2%
How do you expect your firm’s total employment to change over the next 6 months? It will…
Balances (Positive – Negative)THE: -10
GR: -22
EU: -30
March 2009
Industry Survey2
March 2009
1%
3%
4%
8%
8%
29%
48%
shortage of labour force
shortage of material and/or equipment
don't know
none
other factors
financial constraints
insufficient demand
What main factors are currently limiting your production?
2%
3%
3%
3%
5%
32%
53%
don't know
other factors
shortage of material and/or equipment
shortage of labour force
none
financial constraints
insufficient demand
What main factors are currently limiting your production?
Industry Survey2
decreased60%
remained unchanged
30%
increased7%
don’t know3%
How have your orders developed over the past 6 months? They have…
Balances (Positive – Negative)THE: -53
GR: -35
EU: -46
decreased56%remained
unchanged29%
increased14%
don’t know1%
How have your orders developed over the past 6 months? They have…
Balances (Positive – Negative)THE: -43
GR: -30
EU: -22
March 2009
Industry Survey2
sufficient68%
not sufficient
14%
more than sufficient
13%
don’t know5%
Considering your current books and the expected change in demand over the coming
months, how do you assess your current production capacity? The current production
capacity is…
Balances (Positive – Negative)THE: -02
GR:* +31
EU:* +36
*Data of January ‘09
Balances (Positive – Negative)THE: -01
GR:* +41
EU:* +51
*Data of July ‘09
sufficient67%
not sufficient15%
more than sufficient
15%
don’t know3%
Considering your current order books and the expected change in demand over the coming
months, how do you assess your current production capacity? The current production
capacity is…
March 2009
Industry Survey2
don’t know37%
remain unchanged
29%
decrease23%
increase11%
How do you expect your export orders to develop over the next 6 months? They will…
Balances (Positive – Negative)THE: -20
GR: -09
EU: -28
increase17%
remain unchanged
30%
decrease17%
don’t know36%
How do you expect your export orders to develop over the next 6 months? They will…
Balances (Positive – Negative)THE: +01
GR: -09
EU: -10
March 2009
Industry Survey2
Source:
1.Prefecture of Thessaloniki: TCCI Barometer
2.*Greece : FEIR – July 2009
3.*European Union : DG ECFIN – July 2009
Thessaloniki Greece* European Union*
**How many months of production are assured by
your current overall order books? 3,8 4,2 3,1
***At what capacity is your company currently
operating (as a percentage of full capacity)? 65,2% 68,3% 70,2%
** Percentage of those who answered: 83%
*** Percentage of those who answered: 93%
Services Survey3
Business Expectations Indicator (Services Sector) – March 2009
Prefecture of Thessaloniki : -33
Greece : -17
European Union : -31
Services Survey3
Source:
1. Prefecture of Thessaloniki: TCCI Barometer
2. Greece : FEIR
3. European Union : DG ECFIN
Business Expectations Indicator (Services Sector)
Prefecture of Thessaloniki : -24
Greece : -19
European Union : -11
Services Survey
deteriorated56%
remained unchanged
34%
improved10%
don’t know0%
How has your business situation developed over the past 6 months? It has…
3
Balances (Positive – Negative)THE: -46
GR: -14
EU: -39
deteriorated51%
remained unchanged
32%
improved15%
don’t know2%
How has your business situation developed over the past 6 months? It has…
Balances (Positive – Negative)THE: -36
GR: -14
EU: -18
March 2009
Services Survey3
decreased55%
remained unchanged
32%
increased12%
don’t know1%
How has demand (turnover) for your company’s services changed over the past 6 months? It has…
Balances (Positive – Negative)THE: -44
GR: -17
EU: -30
decreased56%
remained unchanged
30%
increased13%
don’t know1%
How has demand (turnover) for your company’s services changed over the past 6 months? It
has…
Balances (Positive – Negative)THE: -44
GR: -17
EU: -12
March 2009
Services Survey3
decrease35%
remain unchanged
27%
increase26%
don’t know12%
How do you expect the demand (turnover) for your company’s services to change over the next 6
months? It will…
Balances (Positive – Negative)THE: -11
GR: -20
EU: -24
remain unchanged
39%
increase30%
decrease23%
don’t know8%
How do you expect the demand (turnover) for your company’s services to change over the next 6
months? It will…
Balances (Positive – Negative)THE: +8
GR: -25
EU: -4
March 2009
Services Survey3
remained unchanged
72%
decreased18%
increased9%
don’t know1%
How has your firm’s total employment changed over the past 6 months? It has…
Balances (Positive – Negative)THE: -9
GR: -12
EU: -21
remained unchanged
72%
decreased19%
increased7%
don’t know2%
How has your firm’s total employment changed over the past 6 months? It has…
Balances (Positive – Negative)THE: -12
GR: -21
EU: -18
March 2009
Services Survey3
remain unchanged
69%
decrease17%
increase7%
don’t know7%
How do you expect your firm’s total employment to change over the next 6 months? It will…
Balances (Positive – Negative)THE: -10
GR: -12
EU: -20
remain unchanged
75%
decrease11%
increase7%
don’t know7%
How do you expect your firm’s total employment to change over the next 6 months? It will…
Balances (Positive – Negative)THE: -4
GR: -23
EU: -13
March 2009
Services Survey3
remain unchanged
62%
decrease22%
increase9%
don’t know7%
How do you expect the prices you charge to change over the next 6 months? They will…
remain unchanged
77%
decrease14%
increase5%
don’t know4%
How do you expect the prices you charge to change over the next 6 months? They will…
Balances (Positive – Negative)THE: -14
GR: -7
EU: -9
Balances (Positive – Negative)THE: -10
GR: +1
EU: -7
March 2009
Services Survey3
March 2009
39%
35%
13%
8%
2%
2%
2%
insufficient demand
financial constraints
other factors
none
shortage of space and/or equipment
don't know
shortage of labour force
What main factors are currently limiting your business?
40%
35%
14%
7%
2%
2%
1%
insufficient demand
financial constraints
other factors
none
shortage of labour force
shortage of space and/or equipment
don't know
What main factors are currently limiting your business?
Retail Trade Survey4
Business Expectations Indicator (Retail Trade Sector) – March 2009
Prefecture of Thessaloniki : -32
Greece : -38
European Union : -22
Retail Trade Survey4
Source:
1. Prefecture of Thessaloniki: TCCI Barometer
2. Greece : FEIR
3. European Union : DG ECFIN
Business Expectations Indicator (Retail Trade Sector)
Prefecture of Thessaloniki : -28
Greece : -7
European Union : -11
Retail Trade Survey4
deteriorated71%
remained unchanged
21%
improved8%
How has (have) your business activity (sales) developed over the past 6 months? It has…(They
have…)
Balances (Positive – Negative)THE: -64
GR: -49
EU: -26
deteriorated68%
remained unchanged
23%
improved6%
don’t know3%
How has (have) your business activity (sales) developed over the past 6 months? It has…(They
have…)
Balances (Positive – Negative)THE: -64
GR: +5
EU: -13
March 2009
Retail Trade Survey4
adequate (normal for the
season)60%
too large (above normal)
21%
too small (below normal)
16%
don’t know3%
Do you consider the volume of stock you currently hold to be:
Balances (Positive – Negative)THE: +5
GR: +33
EU: +13
adequate (normal for the season)
51%
too large (above normal)
14%
too small (below normal)
17%
don’t know18%
Do you consider the volume of stock you currently hold to be:
Balances (Positive – Negative)THE: -4
GR: +10
EU: +9
March 2009
Retail Trade Survey4
decrease54%remain
unchanged30%
increase11%
don’t know5%
How do you expect your orders placed with suppliers to change over the next 6 months? They
will…
Balances (Positive – Negative)THE: -43
GR: -48
EU: -30
decrease41%
remain unchanged
30%
increase14%
don’t know15%
How do you expect your orders placed with suppliers to change over the next 6 months? They
will…
Balances (Positive – Negative)THE: -31
GR: -19
EU: -14
March 2009
Retail Trade Survey4
deteriorate(decrease)
43%
remain unchanged
33%
improve(increase)
18%
don’t know6%
How do you expect your business activity (sales) to change over the next 6 months? It (They) will…
Balances (Positive – Negative)THE: -25
GR: -32
EU: -27
deteriorate(decrease)
41%
remain unchanged
32%
improve (increase)
18%
don’t know9%
How do you expect your business activity (sales) to change over the next 6 months? It (They) will…
Balances (Positive – Negative)THE: -24
GR: -15
EU: -11
March 2009
Retail Trade Survey4
remain unchanged
80%
decrease16%
don’t know2%
increase2%
How do you expect your firm’s total employment to change over the next 6 months? It will…
Balances (Positive – Negative)THE: -14
GR: +20
EU: -16
remain unchanged
78%
decrease15%
increase4%
don’t know3%
How do you expect your firm’s total employment to change over the next 6 months? It will…
Balances (Positive – Negative)THE: -10
GR: +5
EU: -8
March 2009
Retail Trade Survey4
remain unchanged
64%
decrease27%
increase7%
don’t know2%
How do you expect the prices you charge to change over the next 6 months? They will…
Balances (Positive – Negative)THE: -20
GR: -19
EU: +4
remain unchanged
60%
decrease22%
increase11%
don’t know7%
How do you expect the prices you charge to change over the next 6 months? They will…
Balances (Positive – Negative)THE: -12
GR: -16
EU: -2
March 2009
Construction Survey5
Business Expectations Indicator (Constructions Sector) – March 2009
Prefecture of Thessaloniki : -42
Greece : -45
European Union : -38
Construction Survey5
Source:
1. Prefecture of Thessaloniki: TCCI Barometer
2. Greece : FEIR
3. European Union : DG ECFIN
Business Expectations Indicator (Constructions Sector)
Prefecture of Thessaloniki : -38
Greece : -39
European Union : -35
Construction Survey
decreased54%
remain unchanged
39%
increased7%
How has your building activity developed over the past 6 months? It has…
5
Balances (Positive – Negative)THE: -47
GR: -21
EU: -29
decreased53%
remain unchanged
41%
increased6%
How has your building activity developed over the past 6 months? It has…
Balances (Positive – Negative)THE: -46
GR: -23
EU: -26
March 2009
Construction Survey5
March 2009
1%
2%
3%
8%
30%
56%
none
shortage of labour force
other factors
weather conditions
financial constraints
insufficient demand
What main factors are currently limiting your building activity?
2%
1%
1%
3%
3%
4%
34%
52%
don't know
shortage of labour force
shortage of material and/or equipment
weather conditions
none
other factors
financial constraints
insufficient demand
What main factors are currently limiting your building activity?
Construction Survey5
sufficient31%
not sufficient61%
more than sufficient
2%
don’t know6%
Do you consider your current overall order books to be:
Balances (Positive – Negative)THE: -63
GR: -45
EU: -44
not sufficient63%
sufficient35%
don’t know1%
more than sufficient
1%
Do you consider your current overall order books to be:
Balances (Positive – Negative)THE: -62
GR: -46
EU: -49
March 2009
Construction Survey5
remain unchanged
61%
decrease26%
increase8%
don’t know5%
How do you expect the prices you charge to change over the next 6 months? They will…
Balances (Positive – Negative)THE: -19
GR: -46
EU: -31
remain unchanged
68%
decrease21%
don’t know6%
increase5%
How do you expect the prices you charge to change over the next 6 months? They will…
Balances (Positive – Negative)THE: -15
GR: -32
EU: -25
March 2009
Construction Survey5
remain unchanged
62%
decrease31%
increase5%
don’t know2%
How do you expect your firm’s total employment to change over the next 6 months? It will…
Balances (Positive – Negative)THE: -26
GR: -45
EU: -31
remain unchanged
68%
decrease23%
increase8%
don’t know1%
How do you expect your firm’s total employment to change over the next 6 months? It will…
Balances (Positive – Negative)THE: -15
GR: -33
EU: -22
March 2009