The economic climate in Cyprus remained broadly unchanged in November 2025, with the Economic Sentiment Index (ESI) of the Economics Research Centre at the University of Cyprus (CypERC) remaining at roughly the same level as in October.
"The decline in business confidence in services was offset by improvements in economic confidence across the remaining sectors and among consumers," says the Centre in its latest Business and Consumer Survey, which aims to capture the perceptions of entrepreneurs and consumers on various economic indicators.
It is noted that the decrease in the Services Confidence Indicator was mainly driven by a deterioration in firms’ views on their recent turnover.
"The rise in the Retail Trade Confidence Indicator reflected improvements across all its components, namely assessments of stock levels and views on recent and expected sales," it is further noted.
CypERC reports that the Construction Confidence Indicator increased again, as firms’ assessments of order book levels picked up further and employment expectations strengthened for the second month in a row, while the Industry Confidence Indicator rose slightly, owing to improved assessments of the current levels of order books and upward revisions in production expectations, despite a deterioration in the views on the stock of finished products.
It is added that the Consumer Confidence Indicator increased in November, as all four components of the indicator improved. Compared to October, it is stated, "consumers expressed more favourable views on their recent and future financial situation. In addition, consumers raised their expectations about economic conditions in Cyprus."
In addition, CypERC reports that consumers’ intentions to make major purchases strengthened in November.
Finally, it is stated that the Economic Uncertainty Indicator for Cyprus declined further in November, reflecting lower consumer uncertainty across all income groups. " Business uncertainty remained broadly stable at the low levels recorded in October," the survey concludes.
(Source: CNA)
