Cyprus Mail

Optimism among consumers, services companies pushes August economic sentiment up

By Stelios Orphanides

Economic sentiment in August rose 6.6 points compared to the month before to 106.9, which is the highest value since April and the second highest value since September 2008, the economic research centre of the University of Cyprus said.

“The increase is attributable to a strengthening of business confidence in services and consumer confidence, which are the two components of the economic sentiment indicator with the biggest importance,” the ERC said in an emailed statement today.

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