A renewed deterioration in the business climate within the services sector contributed to a further decline in economic sentiment in Cyprus in May, with the Economic Sentiment Indicator (ESI-CypERC) dropping by 1.5 points compared to April.
According to the Economics Research Center of the University of Cyprus (CypERC), the decline was largely driven by falling assessments of current conditions in the services sector, coupled with downgraded turnover expectations for the
