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Economic Sentiment Improves in April
April 26, 2019
Economic sentiment in Cyprus improved in April 2019 as the Economic Sentiment Indicator (ESI-CypERC) increased by 2.4 points compared with March 2019, the Economics Research Centre of the University of Cyprus has said.
“The increase was driven by stronger business confidence in services and, to a smaller degree, confidence improvements in industry among consumers,” said the ERC.
According to the survey, “the Services Confidence Indicator increased as a result of firms’ more positive assessments of past business situation and past demand as well as upward revisions in demand expectations”.