Insider Business Economic sentiment in Cyprus improves in November

Economic sentiment in Cyprus improves in November

In November 2018, economic sentiment in Cyprus improved as the Economic Sentiment Indicator
(ESI-CypERC) increased by 2.6 points compared with October 2018.

The increase was driven by stronger business confidence in services and retail trade, the Economics Research Centre of the University of Cyprus said.

* The Services Confidence Indicator increased as a result of firms’ improved assessments of their past
business situation and their past demand.

* The Retail Trade Confidence Indicator increased as respondents’ views on current stock volumes and
future sales improved.

* The Construction Confidence Indicator deteriorated due to firms’ less favourable assessments of their
current level of order books, and downward revisions in employment expectations.

* The Industry Confidence Indicator decreased due to a large downward revision in production
expectations.

* The decrease in the Consumer Confidence Indicator was driven by downward revisions in consumers’
expectations about their future financial conditions and the future economic conditions in Cyprus

Top Stories

COVID provides challenge for Customs officers

SBA Customs and Immigration officials have revealed measures relating to COVID-19 test certificates at the crossing points in Pergamos and Strovilia have led to...

Disagreements over simultaneous transmission of lessons for e-learning

All three educational organisations – the Pancyprian Greek Teachers Organisation (POED), the Secondary school teachers association (OELMEK) and the Association of Teachers of Technical...

Greece, Cyprus had highest number of dentists among EU states in 2018

Among the EU Member States, Greece and Cyprus had the highest numbers of licenced to practice dentists per 100,000 inhabitants in 2018, according to...

NASA Space Apps Challenge to be held virtually in Limassol

The prestigious NASA Space Apps Challenge will be held in Limassol again this year, albeit virtually due to coronavirus restrictions. The challenge will take place...

Cape Greco becomes main point of entry for migrants this year

Ayia Napa's Cape Greco has become the main point of entry by sea for migrants this year with 10 out of a total of...

Taste

Sheftalies

Sheftalies, a very tasty dish from the charcoal grill, are minced meat shaped into small sausages and wrapped in “panna” (suet). Panna is a...

Spicy grilled soutzoukakia

Place all ingredients for soutzoukakia in a bowl and mix well, preferably using a food processor, until well combined. Using the mixture, form cigar-shaped...

Souvlakia

Pork souvlaki: Put the meat and all the other ingredients in a bowl (not metal) and mix well. Cover the bowl and keep in...

Pastelli (Carob Toffee)

The nutritional sweet of Pastelli is made with the syrup of carob pods, produced by boiling their pulp until it forms a thick, sticky...