WOOD Flash – Greece macro: the consumer is not happy
The October sentiment surveys revealed a marked drop across sectors, but hiring appetite remains very high, on a historical perspective. What is most surprising, to us, is that neither the strength of the labour market, nor the overall expansion of the economy are having an increasingly positive impact on consumers. To the contrary, Greek households are reporting no improvements on inflation, falling expectations about the outlook for the economy, and frail spending and savings expectations.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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