The economic sentiment in Cyprus improved In April 2021 significantly as the Economic Sentiment Indicator (ESI-CypERC) increased by 9.2 points compared with March 2021, CNA reports.
Nevertheless, according to a report by the Economics Research Center of the University of Cyprus, April Surveys had been completed before the announcement of tighter pandemic containment measures in Cyprus on 23 April.
The rise in the ESI-CypERC was driven primarily by large confidence gains in services, and, to a lesser extent, by confidence improvements in retail trade, industry and among consumers.
The sizable spike in the Services Confidence Indicator resulted from improved assessments of past performance (business situation, demand) and significant upward revisions in demand expectations.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: HG32
