articles | 26 October 2017

Economic Sentiment improves in October 2017, COE finds

Economic sentiment improved in October 2017, according to the University of Cyprus’ Economic Research Centre.

The Economic Sentiment Indicator (ESI) was up by 4.5 points compared with September 2017, the Business and Consumer Survey summary published says.

“The increase was driven by confidence improvements in services, retail trade and industry,” the Centre notes.

It further finds that the Services Confidence Indicator has fully recovered after a sharp fall in August and has now surpassed its July figure.

“In October, the increase in services confidence was driven by firms’ more optimistic views on past business situation and past demand as well as by upward revisions of demand expectations,” it adds.

Source: CNA

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