Economic sentiment in Cyprus improves in October

The economic sentiment in Cyprus improved in October, as the Economic Sentiment Indicator (ESI-CypERC) increased by 1.8 points compared to September 2016 as a result of the pick-up of economic confidence in services, retail trade and among consumers, the Economics Research Centre of the University of Cyprus said.

According to the Business and Consumer Surveys, the Services Confidence Indicator rose due to the upward revisions of firms’ expectations about their turnover over the next three months.

Source: Cyprus News Agency