Cyprus: Economic sentiment hits highest reading since February in July
Latest reading: Economic sentiment rose to 106.4 in July from June’s 104.7. July’s result marked the highest print since February. Consequently, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected stronger confidence in the industrial, construction, services and retail sectors. Nonetheless, consumer confidence cooled in July.
Considering indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index decreased in July.