ESI down in Septem­ber

Financial Mirror (Cyprus) - - FRONT PAGE -

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.

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