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Economic sentiment deteriorates in March reflecting the initial impact of coronavirus pandemic
CNA - CYPRUS/Nicosia 27/03/2020 13:12


Economic sentiment in Cyprus deteriorated markedly in March 2020, as the Economic Sentiment Indicator (ESI-CypERC) decreased by 12.1 points compared with February 2020, reflecting the initial impact of the coronavirus pandemic on the Cypriot economy.
 
According to a press release from the Economic Research Centre of the University of Cyprus, the decrease in ESI-CypERC resulted from a deterioration in business confidence in all sectors, particularly in services, as well as from a sharp weakening of consumer confidence.

(CNA)

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