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Economic Climate Improves in December 2018
January 9, 2019
The economic climate improved in December 2018 by 3.4 points, assisted by the improvement of the business climate in services and manufacturing industry.
The Economic Sentiment Indicator, composed by the Economics Research Centre of the University of Cyprus, stood during the last month of 2018 at 118.6 points, compared to 115.2 points in November 2018. The Index reached a record high on January 2018 with 119.8 points.
According to the Economics Research Centre, the Index reached on average 115.4 points throughout 2018, compared to 114.8 in 2017.
The reason for this rise is, according to the Centre, the significant improvement of business trust in constructions, in comparison to 2017.