Cyprus GDP Growth Rate YoY
In Cyprus, tourism, financial services, and real estate accounting for about 80% of the GDP are regarded to be the foundation of the country's economy. Agriculture accounts for only 2% of the total, with industry accounting for 10%. When it comes to spending, household consumption is the most important component of GDP, accounting for 70% of total use. This is followed by government expenditure (16%) and gross fixed capital formation (11%). 55% of the GDP is accounted for exports of goods and services, while imports account for 53% of GDP, contributing 2% to the overall GDP.
A higher than expected figure should be seen as positive (bullish) for the EUR while a lower than expected figure should be seen as negative (bearish) for the EUR.
Forex Sentiment (EUR)
| Symbol | Community Trend (Shorts vs Longs) | Symbol Popularity | Avg. Short Price / Distance From Price | Avg. Long Price / Distance From Price | Current Price | |
|---|---|---|---|---|---|---|
| EURUSD |
|
|
1.0683 -3 pips |
1.0809 -123 pips |
1.06855 | |
| EURAUD |
|
|
1.6317 -155 pips |
1.6508 -36 pips |
1.64723 | |
| EURJPY |
|
|
163.0264 -310 pips |
164.5635 +156 pips |
166.126 | |
| EURCAD |
|
|
1.4589 -75 pips |
1.4694 -30 pips |
1.46636 | |
| EURCHF |
|
|
0.9636 -143 pips |
0.9888 -109 pips |
0.97794 | |
| EURCZK |
|
|
25.3748 +2277 pips |
0 +251471 pips |
25.14710 | |
| EURGBP |
|
|
0.8566 -6 pips |
0.8605 -33 pips |
0.85722 | |
| EURHUF |
|
|
389.0112 -512 pips |
393.3991 +73 pips |
394.13 | |
| EURNOK |
|
|
10.9830 -7828 pips |
0 +117658 pips |
11.7658 | |
| EURNZD |
|
|
1.7804 -236 pips |
1.8053 -13 pips |
1.80402 |
News (EUR)
German Consumer Sentiment To Hit 2-Year High In May
Germany's consumer confidence is set to rise again in May to hit a two-year high as households turned more optimistic about future income, adding to the list of positive indicators that suggests the biggest euro area economy is likely to undergo a very shallow recession. The forward-looking consumer sentiment index rose to -24.2 in May from a revised value of -27.3 in April.
RTTNews | 4h 43min ago
German Ifo Business Confidence Near 1-Year High
Germany's business sentiment strengthened for the third straight month to a near one-year high in April on a notable improvement in confidence among service providers. The business confidence index climbed to 89.4 in April from a revised 87.9 in March, monthly survey results from the ifo Institute showed on Wednesday. This was the highest score since May 2023, when the reading was 91.4.
RTTNews | 1 day ago
Eurozone Private Sector Growth Strongest In Almost A Year
The euro area private sector expanded the most in nearly a year in April as the continuing downturn in the manufacturing activity was offset the strength in the service sector, flash survey results from S&P Global showed on Tuesday. The composite output index registered 51.4 in April, up from 50.3 in March. The reading stayed above economists' forecast of 50.8.
RTTNews | 2 days ago
