Economic sentiment down, industrial production and employees’ earnings up

In June, the Economic Sentiment Indicator (ESI) recorded a marked increase in the euro area by 1.9 points (to 111.1), and the EU by 1.6 points (to 111.3), reaching the highest levels since August 2007. The same index decreased in Cyprus form 116.1 points in May to 115.5 points in June. The Index of Industrial Production for April 2017 reached 81,1 units (base 2010=100), recording an increase of 1,0% compared to April 2016. The average monthly earnings of employees marked an increase in the first quarter of the year.

Source: Cyprus News Agency