BBu­us­si­in­neessss ccoon­nf­fi­id­deen­nc­cee rreet­tr­reeaattss iinn MMaar­rc­chh

Financial Mirror (Cyprus) - - FRONT PAGE -

The eco­nomic cli­mate was marginally re­tarded in March, due mainly to a wors­en­ing state of the re­tail sec­tor and a drop of con­fi­dence among con­sumers. The 0.2 point drop in the Eco­nomic Sen­ti­ment In­di­ca­tor con­ducted by the Eco­nomics Re­search Cen­tre of the Uni­ver­sity of Cyprus, fol­lowed a 0.9 point im­prove­ment in the Fe­bru­ary sur­vey.

The ERC said that the drop in con­fi­dence among busi­nesses was based on the pes­simistic pro­jec­tions for the fol­low­ing month, while the sen­ti­ment drop among con­sumers was on a retreat in trust among house­holds.

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