POWERED BY:
16: 24 Wednesday
March 30, 2022 INSIDER • GOAL • IN-CYPRUS • PROPERTY • CYPRUS-IS • CAREER LIKE • GOING OUT • XRYSES SYNTAGES • ACTIVE • PHILGROUP NEWS & nbsp; SOCIETY & nbsp; INSIDER & nbsp; OPINIONS & nbsp; GOING OUT & nbsp; CULTURE & nbsp; SPORTS & nbsp; AUTO & nbsp; GOOD LIFE & nbsp; USEFUL & nbsp; PRINTED EDITION & nbsp;
ARCHIKIEIDISEISPOLITIKITOPIKAPARASKINIOMEDIAELLADAKOSMOSEPISTIMIPERIVALLONTECHNOLOGIASYNENTEFXEISCHRYSES ETAIREIESKOINONIAEIDISEISKYPROS OF CHTHESANAGNOSTI HAVE LOGOEPISTOLESSYNENTEFXEISDIMOFILI IN INTERNETVIDEOSAFIEROMATAADVERTORIALINSIDEREPICHEIRISEISKYPROSBRAND VOICECAPITALFORBESBLOOMBERG OPINIONPROTAGONISTESKAFTI GRAMMICHRYSES ETAIREIESKARIERAAPOPSEISARTHRA IN “F” INTERVENTION IN “F” MESSAGE YOUR SKITSAO WORLD TWITTERGOING OUTTHINGS TO DOCINEMAMOUSIKIESTIATORIABAR/CAFETV ODIGOSTILEORASIPOLITISMOSKYPROSKOSMOSKRITIKESEKDILOSEISPROSOPAATHLITIKAPODOSFAIROMPASKETPARASKINIAELLADADIETHNIALLA SPORAPOPSEISSKITSOVIDEOSAUTONEAPAROUSIASIAPOSTOLESAGONESKALI ZOIFGEIADIATROFIEF ZINASTRACHRYSES SYNTAGESSYNTAGES SEFVIMA VIMACHRISIMAFARMAKEIAGIATROIAERODROMIALIMANIATILEFONAOPAPKAIROSSYNALLAGMALACHEIAAPPSPROSFORESENTYPI EDITION POLITIKITOPIKAPARASKINIOMEDIAELLADAKOSMOSEPISTIMIPERIVALLONTECHNOLOGIASYNENTEFXEISCHRYSES COMPANIES EIDISEISKYPROS OF CHTHESANAGNOSTI HAVE LOGOEPISTOLESSYNENTEFXEISDIMOFILI THE INTERN ETVIDEOSAFIEROMATAADVERTORIAL EPICHEIRISEISKYPROSBRAND VOICECAPITALFORBESBLOOMBERG OPINIONPROTAGONISTESKAFTI GRAMMICHRYSES ETAIREIESKARIERA ARTICLES IN “F” INTERVENTION IN “F” MESSAGE YOUR SKITSAO WORLD OF TWITTER THINGS TO DOCINEMAMOUSIKIESTIATORIABAR/CAFETV ODIGOSTILEORASI KYPROSKOSMOSKRITIKESEKDILOSEISPROSOPA PODOSFAIROMPASKETPARASKINIAELLADADIETHNIALLA SPORAPOPSEISSKITSOVIDEOS NEAPAROUSIASIAPOSTOLESAGONES YGEIADIATROFIEF ZINASTRACHRYSES SYNTAGESSYNTAGES SEFVIMA STEP FARMAKEIAGIATROIAERODROMIALIMANIATILEFONAOPAPKAIROSSYNALLAGMALACHEIAAPPSPROSFORES ENTERPRISES LTD BRAND VOICE CAPITAL FORBES BLOOMBERG OPINION PROTAGONISTS HOT LINE GOLDEN CAREER COMPANIES
EXCLUSIVE COOPERATION
TOGETHER
Powered by
Next The economic climate in Cyprus deteriorated in March HOME • INSIDER • CYPRUS • The economic climate in Cyprus deteriorated in March
& nbsp & nbspInsider/ΚΥΠΕ & nbsp; & nbsp;
The economic climate deteriorated in March 2022 due to, among other things, the weakening of consumer confidence, with the Economic Situation Index (DOS) decreasing by 9.4 points, compared to February 2022.
According to the results of the Economic Situation Survey, compiled by the Center for Economic Research (JCC) of the University of Cyprus, the sharp decline in the DOS came from the sharp weakening of the business climate in services, retail and manufacturing, as well as from the significant decline in consumer confidence.
“Russia's invasion of Ukraine, sanctions on Russia and increases in international energy and raw material prices are unfavorable external developments for the Cypriot economy that have led to a weakening of the economic climate and in particular expectations for economic activity, as well as to a significant increase in uncertainty between businesses and consumers “, he underlines.
In particular, the JIT states that the deterioration of the climate in services in March 2022 “came from the less favorable assessments of the current economic situation and the large downward revision of estimates for the turnover of the next quarter”. p>
Reports that the retail climate has declined due to more negative evaluations of recent sales and more pessimistic estimates of future sales.
In manufacturing, according to the JIT, the most negative evaluations of current sales orders and the most pessimistic estimates for future production, led to the downturn in the industry.
He notes that the business climate in the construction sector remained at negative levels in February, while the climate among consumers deteriorated.
Compared to February, according to the JIT, “consumers assessed their recent economic situation more negatively, revised lower their expectations for the future financial situation of their households and the country, and were more hesitant about future spending on large markets. “
