{"id":120062,"date":"2025-11-03T17:19:08","date_gmt":"2025-11-03T15:19:08","guid":{"rendered":"https:\/\/www.lamaisonestates.com\/?p=120062"},"modified":"2025-11-03T17:19:08","modified_gmt":"2025-11-03T15:19:08","slug":"cyprus-economic-sentiment-rebounds-in-october-buoyed-by-services-and-construction-optimism","status":"publish","type":"post","link":"https:\/\/lamaisonestates.com\/he\/cyprus-economic-sentiment-rebounds-in-october-buoyed-by-services-and-construction-optimism\/","title":{"rendered":"Cyprus Economic Sentiment Rebounds in October, Buoyed by Services and Construction Optimism"},"content":{"rendered":"<p>Economic confidence in Cyprus saw a notable improvement in October 2025, with the Economic Sentiment Indicator (ESI-CypERC) rising by 2.0 points from the previous month&#8217;s reading. According to the Economic Research Center (ERC) of the University of Cyprus, this upward movement was primarily fueled by renewed optimism in key business sectors.<\/p>\n<h3><b>Sectoral Confidence: Where Strength Lies<\/b><\/h3>\n<p>The overall boost to the ESI was underpinned by robust improvements in two major areas:<\/p>\n<ul>\n<li><b>Services Sector:<\/b> The confidence indicator for the dominant services sector reversed two months of decline, showing a significant rally. The gain was broad-based, with firms giving better assessments of their current business situation, recent turnover, and positive forecasts for expected turnover.<\/li>\n<li><b>Construction Sector:<\/b> Confidence in construction also strengthened. This positive shift was driven by better perceptions of current order book levels and more optimistic employment expectations by firms in the sector.<\/li>\n<\/ul>\n<h3><b>Areas of Weakness<\/b><\/h3>\n<p>While the overall sentiment improved, confidence did not rise across the board, with two sectors and consumers expressing less optimism:<\/p>\n<ul>\n<li><b>Retail Trade:<\/b> The Retail Trade Confidence Indicator declined. This was a result of firms\u2019 less favorable views on recent sales performance and stock volumes, alongside a further reduction in sales expectations.<\/li>\n<li><b>Industry:<\/b> The Industrial Confidence Indicator registered a small decline. This was attributed to unfavorable assessments of current order book levels and downward revisions in production expectations.<\/li>\n<li><b>Consumer Confidence:<\/b> The Consumer Confidence Indicator also decreased, halting a two-month recovery. Consumers reported a deterioration in their recent financial situation, weaker intentions to make major purchases, and worsening expectations regarding the general economic conditions in Cyprus.<\/li>\n<\/ul>\n<h3><b>Economic Uncertainty Recedes<\/b><\/h3>\n<p>Despite the drop in consumer confidence, the Economic Uncertainty Indicator for Cyprus decreased in October. This was a result of reduced business uncertainty in all sectors, with the sole exception being industry, where business uncertainty saw a slight increase. Consumer uncertainty also rose but was reported to remain at a relatively low level across all income categories.<\/p>\n<p><em>Source: Stockwatch.com.cy<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>Economic confidence in Cyprus saw a notable improvement in October 2025, with the Economic Sentiment Indicator (ESI-CypERC) rising by 2.0 points from the previous month&#8217;s reading. According to the Economic Research Center (ERC) of the University of Cyprus, this upward movement was primarily fueled by renewed optimism in key business sectors. Sectoral Confidence: Where Strength [&hellip;]<\/p>","protected":false},"author":9,"featured_media":120063,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211],"tags":[],"_links":{"self":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/120062"}],"collection":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/comments?post=120062"}],"version-history":[{"count":1,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/120062\/revisions"}],"predecessor-version":[{"id":120064,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/posts\/120062\/revisions\/120064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/media\/120063"}],"wp:attachment":[{"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/media?parent=120062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/categories?post=120062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lamaisonestates.com\/he\/wp-json\/wp\/v2\/tags?post=120062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}