Cyprus: Economic sentiment increases in August
Economic sentiment came in at 105.4 in August, up from July’s 104.1. August’s result marked the best performance since August 2023. 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 improved sentiment in the industrial and construction sectors. Moreover, confidence in the services sector strengthened in the surveyed month. That said, sentiment in the retail sector weakened and consumer confidence waned in August.
Regarding indicators that are not used to calculate the index, employment expectations deteriorated, while the economic uncertainty index increased in August.