Cyprus: Economic sentiment decreases in August
Latest reading: Economic sentiment fell to 105.5 in August from July’s 106.4. Still, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected weaker sentiment in the construction and services sectors. That said, confidence in the industrial and retail sectors improved. Finally, consumer confidence was up in August.
Regarding indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index fell in August.