Economic sentiment in Cyprus improves in August

Cyprus witnessed an improvement in its economic sentiment in August 2024, according to the University of Cyprus’ Economics Research Centre (CypERC).

In a report released this week, the centre noted that Cyprus’ Economic Sentiment Indicator (ESI) rose by 1.5 points compared to July 2024, driven by stronger business confidence in the services, construction, and manufacturing sectors.

The rise in confidence within the services sector was primarily attributed to improved expectations...