Cyprus: Economic sentiment deteriorates in March
Economic sentiment fell to 100.1 in March from February’s 103.3. March’s result marked the weakest sentiment since August 2022. That said, the index remained above the long-term average of 100, pointing to a positive near-term outlook for the economy.
The headline print reflected deteriorating sentiment in the industrial, construction and retail sectors. Moreover, confidence in the services sector waned in March. Meanwhile, consumer sentiment improved in March.
Considering indicators that are not used to calculate the index, employment expectations improved, while the economic uncertainty index decreased in March.