Economic sentiment plunges in June, ERC says

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Economic sentiment plunges in June, ERC says
 © BusinessMail 2019
By Stelios Orphanides

The economic sentiment fell in June by 7 units to 109.1, as business confidence retreated across all sectors as consumers also got the jitters, the University of Cyprus said.

This month’s reduction in economic sentiment is the largest observed in a single month since April 2013, the month after Cyprus agreed with the terms of its bailout, which included losses for depositors at the two major Cypriot banks, and the second largest since October 2008, the month after the collapse of the Lehman Brothers which sparked the global...


This article was automatically added to our system 26-6-2018

Economic sentiment plunges in June, ERC says


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