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Economic Sentiment in Cyprus marked a 3-point increase in August mainly due to the improvement in the service sector, but uncertainty remains, fuelled by the Covid pandemic, University of Cyprus’ Economic Research Centre (ERC) said on Thursday. According to the ERC, the Economic Sentiment Indicator (ESI) in August rose by 3 units reaching 108.6 from 105.6 in July. “The increase in the ESI-CypERC resulted from stronger business confidence in services and, to a smaller degree, from confidence gains in retail trade and …
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