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Economic sentiment in Cyprus improves in February
February 25, 2022
In February 2022, economic sentiment in Cyprus improved as the Economic Sentiment Indicator (ESI-CypERC) increased by 3.5 points compared with January 2022.
According to a press release of the Economic Research Centre of the University of Cyprus, the increase in the ESI-CypERC resulted from stronger business confidence in services and, to a smaller extent, from confidence improvements in retail trade and industry.
The increase in the Services Confidence Indicator resulted from more favourable assessments of recent turnover trends and upward revisions in demand expectations.