The Economics Research Centre of the University of Cyprus said that climate change in retail was affected by a lesser-negative sentiment in sales in the second quarter and projections for future sales.

The construction sector benefited from a ‘lesser pessimistic’ view of jobs in the next quarter, while the improvement in manufacturing resulted from a ‘lesser negative’ climate due to current orders and increase in productivity.

The services sector remained basically unchanged from May. The marginal drop in consumer confidence arose from a negative view of consumption levels and household incomes in general and over the next 12-month period.

Source: Financial Mirror