Economic sentiment steady at February's high level in March according to CypERC

07:49 - 27 March 2025

Economy Reporter

In March 2025, economic sentiment in Cyprus remained steady, as the Economic Sentiment Indicator (ESI-CypERC) stayed at the high level reached in February 2025, according to the Economic Research Centre of the University of Cyprus.

According to business and consumer surveys, conducted by the CypERC, the Services Confidence Indicator rose marginally, as firms assessed their recent performance (business situation, turnover) more favourably in March. However, firms revised their turnover expectations downwards. The increase in the Retail Trade Confidence Indicator was due to improved views on recent and expected sales.

On the other hand, the Construction Confidence Indicator declined, as firms revised their employment plans downwards.

The decrease in the Industry Confidence Indicator was driven by a deterioration in firms’ views on the current levels of order books and the stock of finished products, despite an improvement in production expectations, CypERC adds.

Consumers expectations up, uncertainty levels drop

Moreover, according to the findings of the surveys, the Consumer Confidence Indicator increased slightly in March. Consumers’ expectations about their financial situation and the general economic conditions in Cyprus improved. Additionally, consumers’ attitudes towards major purchases remained favourable in March.

Finally, the Economic Uncertainty Indicator for Cyprus declined for the third consecutive month in March, owing to lower uncertainty levels among consumers and firms across all sectors, except services, the CypERC reports.

(Source: CNA)

Economic sentiment steady at February's high level in March according to CypERC

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