Greece’s economic sentiment index dropped to 95.3 points in January, down from 98.9 in December 2014, reaching its lowest level since February 2014, according to an announcement by the Institute for Economic and Industrial Research (IOBE) on Monday.

All production sectors recorded a weakening of expectations that can be attributed to the pre-election period, while consumer sentiment rose compared with December.

With regard to consumer confidence, the data showed that households’ expectations over their finances and the general economic situation over the next 12 months improved in January 2015, along with the intention to save money.