Economic sentiment in Cyprus up in December due to services, construction and industry

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In December 2021, economic sentiment in Cyprus improved as the Economic Sentiment Indicator (ESI-CypERC) increased by 2.1 points compared with November 2021.According to a University of Cyprus’ press release the increase in the ESI-CypERC resulted from stronger business confidence in services, construction and industry.The increase in the Services Confidence Indicator was mainly driven by upward revisions in demand expectations.The Retail Trade Confidence Indicator remained unchanged as the improved views on past and future sales were offset by a deterioration in …

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