Economic sentiment drops in December

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Economic sentiment drops in December
 © BusinessMail 2020
By Stelios Orphanides

The economic sentiment indicator dropped by 3.4 units in December to 118.9 units from its November peak, mainly on reduced business confidence in the services sector, the University of Cyprus said.

The deterioration of confidence in services was mainly on less favourable evaluation of the current financial situation by interviewed companies and a downwards revision of expectations over the next three-month period, the Economic Research Centre (ERC) of the academic institution said in a statement on its website on Friday.

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Economic sentiment drops in December


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Article Tags: economic, sentiment, drops, december,