Cyprus: Economic sentiment rises in November
Economic sentiment rose to 105.4 in November from October’s 104.6. 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 construction sector. Moreover, confidence in the services and retail sectors strengthened in November. That said, sentiment in the industrial sector declined. Finally, consumer confidence was up in November.
Relating to indicators that are not used to calculate the index, employment expectations were healthier, while the economic uncertainty index rose in November.