Insider Economy Economic sentiment in Cyprus dips in May

Economic sentiment in Cyprus dips in May

In May 2019, economic sentiment in Cyprus deteriorated as the Economic Sentiment Indicator (ESI‐CypERC) decreased by 1.3 points compared with April 2019, the Economic Research Centre of the University of Cyprus said on Monday.

It attribute the drop to a worsening of economic confidence in services,retail trade, industry and among consumers.
* The Services Confidence Indicator declined due to a deterioration in firms’ assessments of their recent business situation, and downward revisions in demand expectations.
* The Retail Trade Confidence Indicator decreased marginally as a result of more adverse assessments of recent sales and the volume of stocks.
* The increase in the Construction Confidence Indicator was driven by more favourable assessments of the current level of firms’ order books, and more optimistic employment expectations.
* The Industry Confidence Indicator declined as a result of a deterioration in firms’ views on the current level of order books and the stocks of finished products.
* The decrease in the Consumer Confidence Indicator was driven by less favourable responses regarding households’ financial conditions and consumers’ intentions to make major purchases.

Read more

https://in-cyprus.com/economic-sentiment-improves-in-april-ucys-erc-says/

Top Stories

UPDATE- Twenty-five new coronavirus cases today out of 2,950 tests total

According to an update the Ministry's Epidemiological Surveillance Unit has received it is announced that 10 additional new cases of the SARS-CoV-II virus were...

Bag snatcher caught red handed thanks to observant woman

A 22-year-old foreigner was arrested on Friday for snatching the bag of a 63-year-old foreign woman in a restaurant in Paphos. The theft was...

Fire in two adjacent houses in Fterikoudi under control (photos)

A fire broke out in two adjacent houses in Fterikoudi village in Nicosia a little before 2 pm on Saturday causing extensive damage. According to...

Man, 26, arrested for causing malicious damage to antennas

Police arrested a 26-year-old man on Saturday afternoon in connection with cases of attempted arson and causing malicious damage to antennas of mobile phone...

Fifteen new coronavirus cases detected out of 2,891 tests

The Ministry of Health has announced that 15 new cases of the SARS-CoV-II virus were detected in Cyprus over the past 24 hours out...

Taste

Swordfish with aubergines

To toast the sesame seeds: place sesame seeds in a small non-stick frying pan over low heat and stir until you begin to smell...

Chicken with okra and bulgur wheat

Heat the oil in a pan and sauté the okra until golden. Remove the okra, lay out in an oven tray and sprinkle with...

Ravioli

Just a little before serving, heat the broth and add the ravioli. (If the ravioli is frozen you don’t have to defrost). Heat them...

Seafood kebab with avocado salad

Place the mussels, shrimps and salmon in a bowl together with tarragon and lemon zest. Season and cover, keeping in the fridge for 15...