Economic sentiment deteriorates in September

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Economic sentiment deteriorates in September
 © FinancialMirror 2020

Weaker confidence in services and construction saw the Economic Sentiment Indicator (ESI-CypERC) decrease further by one point in September compared to August.

According to the Economics Research Centre of the University of Cyprus (CypERC), the decrease in the index was driven by weaker business confidence in services, construction and industry.

The indicator reached 80.6 points in September from 81.6 in August but it is way off last year’s level of 111.9 after the fallout from COVID-19 lockdown and other restrictions.

The marginal decrease...

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This article was automatically added to our system 28-9-2020

Economic sentiment deteriorates in September

The contents of this article including any associated images are © FinancialMirror 2020
Views & opinions expressed in this article are those of the author and/or FinancialMirror .

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