ESI down in September
The Economic Sentiment Indicator (ESI) for Cyprus fell slightly for a second consecutive month in September to 99.8 compared to 100.0 in August. The same trend, according to the European Commission, is recorded in the eurozone and the EU.
In September, ESI decreased in both the euro area (by 0.7 points to 99.9) and the EU (by 1.0 point to 103.6).
The euro-area indicator fell slightly below its longterm average of 100, which it had surpassed only in December 2013. The negative developments in the EU and the euro area indicator mainly reflect more cautious views of consumers and the retail trade sector.
Regarding Cyprus, there was an improvement in the field of services and retail commerce, but the areas of construction, industry and consumers deteriorated.