Econ sentiment improves in April, productivity up
Business and consumer confidence is improving from the record low in May 2013 after the banking sector meltdown and seem to be reaching levels not seen since late-2008, according to the University of Cyprus research.
The Economic Sentiment Indicator of the UCy Economic Research Centre (ESI CypERC) improved by four points in April and reached 107.7, up from 103.7 in March, due to an improved business climate in all sectors, as well as an increase in economic confidence by consumers.
The survey said that sectorally, the improvement in services is due to favourable ratings of the economy and an increase in turnover. The climate in the retail sector, construction and manufacturing showed some improvement, but remained in negative territory.