Economic sentiment worsens in May, University of Cyprus says

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Economic sentiment worsens in May, University...
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By Stelios Orphanides

The economic sentiment index fell in May by 2.9 points, to 116.1, in a month on worsening confidence in the sectors of services, industry, and among consumers, the University of Cyprus said.

The decline in confidence in services last month resulted from the interviewed companies’ assessments of business conditions over the past three months combined with a downward revision of expected demand, the Economic Research Centre (ERC) of the university said in a statement on Friday. Companies in the industrial sector cited their inventories of finished...


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Economic sentiment worsens in May, University of Cyprus says


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