CYPRUS: Economic sentiment deteriorates in October

The Economic Sentiment Indicator (ESI) fell to 98.8 points in October from 99.8 points in September.

After four months of stagnation or decline, the ESI picked up in both the euro area (by 0.8 points to 100.7) and the EU (by 0.5 points to 104.0). The euro-area indicator thereby went back to just above its long-term average of 100.

ESI is a composite indicator made up of five sectoral confidence indicators with different weights: Industrial confidence indicator, Services confidence indicator, Consumer confidence indicator, Construction confidence indicator, Retail trade confidence indicator.