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The University of Cyprus Economic Research Centre said on Monday that economic sentiment in Cyprus deteriorated in July as the Economic Sentiment Indicator (ESI-CypERC) decreased by 1.7 points compared with June 2019. According to the Economic Research Centre, the Indicator fell for the third consecutive month hitting its lowest level in twelve months. The decrease, it said, resulted from weaker business confidence in services, retail trade, construction and industry. The decline in the Services Confidence Indicator was driven by firms’ less favourable views …
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