Cyprus: Economic sentiment increases in January
Economic sentiment rose to 104.8 in January from December’s 103.9. As a result, 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 sentiment in the services and retail sectors. On the flip side, sentiment in the industrial and construction sectors deteriorated. Lastly, consumer confidence cooled in January.
Considering indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index decreased in January.