Cyprus Economic Sentiment Edges Higher In June As Retail, Construction And Consumers Improve

Cyprus recorded a marginal improvement in economic sentiment in June 2026, according to the latest Economic Sentiment Surveys, with the Economic Sentiment Indicator (ESI) rising by 0.2 points from May.

The surveys, conducted monthly by the University of Cyprus Economic Research Centre in collaboration with RAI Consultants, track how businesses and households view current conditions and their expectations for the months ahead.

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Retail, Construction And Consumers Lift The Index

The increase in the ESI was driven by stronger confidence in retail trade, construction and among consumers, offsetting weaker sentiment in the services sector. Despite the modest gain, the index remained above its long-term average of 100 points.

Sector Performance Remains Uneven

Retail and construction recorded improved sentiment, reflecting more positive assessments of current conditions and stronger expectations for the coming quarter. By contrast, confidence in services weakened as businesses reported less favourable assessments of current activity and lower expectations for turnover.

Manufacturing sentiment remained broadly unchanged, with weaker production expectations offset by an improvement in assessments of finished goods inventories.

Consumer Confidence Strengthens For A Second Month

Consumer confidence improved for a second consecutive month, supported by more optimistic expectations for household finances and the wider economy. At the same time, households reported a less favourable assessment of their recent financial situation.

Uncertainty Rises, But Inflation Expectations Stay Elevated

The Economic Uncertainty Indicator increased in June, although it remained below the levels recorded in March and April. The rise was driven mainly by services, construction and households.

Price expectations also remained elevated, indicating that inflationary pressures persist, albeit at a more moderate pace.

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Only 1% Of Cyprus Farms Use Precision Farming Technologies

by THEFUTURE.TEAM

July 24, 2026

Cyprus remains one of the European Union’s least digitised agricultural economies, with just 1% of farms using precision farming technologies in 2023, according to Eurostat.

The findings come as the EU continues to encourage the adoption of digital tools aimed at improving agricultural productivity, efficiency and sustainability.

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Internet Access Expands, But Digital Uptake Lags

Internet access has improved across the bloc, although adoption remains uneven. Eurostat found that 43% of EU farms had internet access in 2023, with northern and central European countries leading the way.

Denmark, Germany, Slovakia, Latvia, the Czech Republic and Austria all reported internet access rates above 90%.

Greater connectivity, however, has not translated into widespread digital adoption. Farm management information systems, which help farmers manage day-to-day operations, were used by only about 11% of EU farms. France was a notable exception, with around 60% of farms using the technology.

Precision Farming Concentrated In Larger Operations

Robotics adoption also remained relatively limited, with only about 7% of EU farms using robotic technologies. Overall, around 18% of farms with utilised agricultural area employed at least one precision farming technology or practice in 2023.

These included robotics for plant protection, band spraying, variable-rate application, precision crop monitoring and soil analysis. Despite representing fewer than one in five farms, these holdings accounted for around 44% of the EU’s utilised agricultural area.

The figures suggest that precision farming remains concentrated among larger agricultural businesses, where investment in digital technologies is typically easier to support.

Cyprus Lags Behind EU Leaders

Luxembourg, Finland and Estonia recorded the highest shares of utilised agricultural area managed by farms using precision farming technologies, each exceeding 75%.

At the other end of the ranking, Cyprus recorded just 1%, while Greece and Romania reported between 10% and 15%. The results indicate that Cyprus remains at an early stage of digital adoption in agriculture, even as precision farming becomes more widespread across parts of the European Union.

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