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In November 2021, economic sentiment in Cyprus deteriorated as the Economic Sentiment Indicator (ESI-CypERC) decreased by 1 point compared with October 2021, the Economics Research Centre of the University of Cyprus reported on Friday. The decrease, it said, was driven by the deterioration in construction and services confidence. “The marginal decrease in the Services Confidence Indicator resulted from downward revisions in demand expectations, despite improved assessments of past performance (business situation and demand),” the ERC said. “The Retail Trade Confidence Indicator remained unchanged …
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