Cyprus economic climate in September 2015.

According to a press release issued by the Economics Research Center of the University of Cyprus (CypERC) Cyprus` economic climate did not change in September 2015.

The Economic Sentiment Indicator stood at 106.9 points in August 2015. It remained unchanged in September due to concurrent positive and negative changes in its components. It should be noted, that there was an overall improvement of the economics in various fields and among the consumers, with the exception of a marginal decline in services.

The ESI stagnation is described by the deterioration of expectations in services, the present situation in the manufacturing sector, the reduced likelihood of households` savings and the development of the remaining aspects comprising the ESI.

Source: Famagusta Gazette