The fear index of the Centre of Planning and Economic Research (KEPE), which reflects the estimates regarding the expected short-term course of the Greek market, recorded an increase in May.
After consecutive months of downtrends, the KEPE GRIV Implied Volatility Index, or “fear” index calculated based on options prices on the FTSE/X.A. Large Cap rose to 27.25% on 5/31/2023 from 26.67% on 4/28/2023. However, it is noted that the average daily price of the index decreased reaching 26.43% in May 2023 from 27.40% in April 2023.
Of course, the index remained at levels lower than its historical average (since January 2004) for the Greek market, which is 32.48%, according to KEPE.
KEPE Composite Forecast Index
The KEPE Composite Forecast Index, which provides preliminary indications of the course and transformations in Greek economic activity, before being reflected in the current figures of overall economic activity, rose for the sixth consecutive period, reaching a new highest level for the whole of the examination period.
This development is a continuation of the overall upward trend followed by the Composite Forecast Index from the middle of 2020 onwards. On this basis, it is considered to reflect the strengthening of positive expectations and assessments of participants in economic activity, providing early indications of improving economic conditions. At the same time, it demonstrates that the negative effects and resulting uncertainty related to the evolution of inflation and interest rates do not prevail.
In any case, it becomes necessary to reassess the Composite Forecast Index with the aim of obtaining additional evidence, as the integration of new data is expected to demonstrate the continuation or otherwise of the observed trends regarding the course of future domestic economic activity.
Latest News
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%
Store Hours Change Today in Observation of Orthodox Easter
The President of the Athens Chamber of Commerce hopes the Easter period will provide a much-needed boost to retail traffic in the capital
Athens-area Mass Transit Systems Set to Finally Install Contact-less Fare Payment
Paying fares via bank cards, smartphones and smartwatches in all mass transit systems in the Greek capital, namely, buses, trolleys, the metro and tram lines, is scheduled by the end of the year
Council of State Rejects Motion Against Thessaloniki Motorway Project
The motion was filed earlier this month by three local citizens’ and environmental groups and generated a high court decision for a temporary stay in construction
Greek 30Y Bond Issue Oversubscribed by 11 Times
Very high demand pushed down the coupon's interest rate to 4.125%
Athens Int’l Airport Wins Top Prize at Routes Europe Awards
The Routes business is focused entirely on aviation route development and the company's portfolio includes events, media and online businesses
IOBE: Income Gap Between Poor and Wealthy Greeks Widens
The findings in the analysis, entitled “Progressivity in Income Taxation in Greece, 2012-2021", paint a bleak picture for Greeks in the bottom half of the income bracket, warning that income inequality is growing
Study Finds 4 in 10 Greeks to Slash Easter Spending
This year, hit by persistent inflation, many Greeks will be dishing out less on food, drink and gifts for Orthodox Easter on May 5
ELSTAT: Overnight Stays in Greece Up in Feb.
The provisional monthly data revealed that arrivals at tourist accommodations amounted to 773,104 and overnight stays were 1,677,685
Electric Energy: Greece’s New Sustainable Export
Moreover, a surplus of generated electricity cannot be fully absorbed by domestic grids and this excess power finds eager buyers in the form of companies entering into Power Purchase Agreements (PPAs), willing to pay a premium for clean energy