Services, construction lift April economic sentimen

Services, construction lift April economic sentimen

By Stelios Orphanides The University of Cyprus said that the economic sentiment in Cyprus indicator rose in April by 1.3 points to 116.1 matching the January 15-year as confidence in services and construction increased. The increase in business confidence in services in April was on more favourable evaluation of the interviewed companies about their financial situation and demand over the past three months, the university’s Economic Research Centre said in a statement on its website on Wednesday. The improved sentiment in construction was on more optimistic evaluations about employment level plans and less unfavourable with respect to their current order book. Interviews with retail trade companies showed a marginal increase in confidence this month as their improved expectations about future sales was almost offset by a worsening evaluation of current sales and inventories, the ERC said. The d…