Insider Economy Economic sentiment improves in April

Economic sentiment improves in April

Economic sentiment in Cyprus improved in April 2019 as the Economic Sentiment Indicator (ESI-CypERC) increased by 2.4 points compared with March 2019, the Economics Research Centre of the University of Cyprus said on Wednesday.

“The increase was driven by stronger business confidence in services and, to a smaller degree, confidence improvements in industry among consumers”, said the ERC.

According to the survey, “the Services Confidence Indicator increased as a result of firms’ more positive assessments of past business situation and past demand as well as upward revisions in demand expectations.”

The Retail Trade Confidence Indicator “did not change from the marginally positive level registered in March, as firms’ views on all three components of the Indicator (past sales, volume of stocks, expected sales) remained broadly unchanged”, the ERC added.

The survey recorded a marginal decrease in the Construction Confidence Indicator driven by downward revisions in firms’ employment plans.

Moreover the Industry Confidence Indicator increased due to improvements in firms’ assessments of the current level of order books and upward revisions in production expectations, whereas the Consumer Confidence Indicator increased only marginally, as more favourable assessments about household-specific aspects (financial situation, intentions for major purchases) were almost offset by more pessimistic views on the future general economic conditions in Cyprus.

(Cyprus News Agency)

Top Stories

Covid cases in Cyprus go over the 1000 mark-three today, one a Serbian football player

  Three coronavirus cases were reported in Cyprus today after 1699 tests and following two days of zeros. This means that the number goes up to...

Orange heat warning tomorrow, just one step from red alert-43+degrees

  The Met Office has issued an orange warning for tomorrow as temperatures are expected to reach or even surge beyond 43 degrees inland. One step...

Barcelona’s landmark Sagrada Familia reopens for key covid workers

  Barcelona’s Sagrada Familia basilica reopened today, giving frontline workers the chance to have the usually tourist-packed landmark to themselves in recognition of their efforts...

Apollon Serb football player positive to Covid following Belgrade return

  Serb football player Djordje Denic, currently playing for Limassol football club Apollon, tested positive to Covid-19, following his return from Belgrade. In a statement, the...

Catalonia curbs movement of 200,000 people after new coronavirus outbreak

  Spain’s north-eastern region of Catalonia enforced a new lockdown on more than 200,000 people, after several new outbreaks of the coronavirus were detected. Residents in...

Taste

Cyprus sprouts with cream and prosciutto

In a big, deep frying pan, fry the prosciutto in the olive oil, on medium heat for 2 minutes. Add the onion and garlic...

Pork burger with sundried tomatoes, mozzarella and anchovies

Mix all the ingredients together with the mince in a bowl, and combine well. Divide into 4 balls and form the burgers. Warm a griddle/pan...

Sheftalies

Wash the lamb cauls with plenty of cold water and let them settle in water and vinegar for a little while. Soak the bread crumbs...

Loukaniko Pitsilias – Pitsilia Sausage

Pitsilia sausage is produced in the Pitsilia region from pork minced meat that is “cooked” ( matured) in the dry red wine of the...