The year-over-year growth rate of a leading indicator used to predict the future direction of economic movements in Cyprus, remained stable in June, as a result of opposing trends within the economic indicators composing the CCLEI, the University of Cyprus said in a monthly report. The Cyprus Composite Leading Economic Index (CCLEI), estimated by the … Read more
A leading indicator, used to predict the future direction of economic movements in Cyprus, turned marginally positive in May, halting the negative year-on-year growth of the index observed in the past three months. The Cyprus Composite Leading Economic Index (CCLEI), estimated by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-over-year … Read more
The Cyprus Composite Leading Economic Index (CCLEI) remained negative for the third consecutive month in April, with a year-over-year decrease of 0.6%. This was driven by a slowdown in tourist arrivals and an increase in crude oil prices.
The Cyprus Composite Leading Economic Index (CCLEI) saw a year-over-year decrease of 0.9% in March, indicating a slowing economy on the island.
The Cyprus Composite Leading Economic Index (CCLEI) is showing a downward trend and is about to flatline at 0% growth.
The growth prospects of the Cyprus economy are struggling due to ongoing regional geopolitical tensions, which is keeping the annual growth rate at a subdued pace. The year-over-year growth rate of the Cyprus Composite Leading Economic Index (CCLEI) has continued to slow down in November. The slowdown reflects the burdened geopolitical and unstable economic environment, which negatively affects the growth prospects of the Cypriot economy. The CCLEI recorded a year-over-year increase of 1.8% in November. The positive growth rate is attributed to the growth of various domestic sectors, including real estate, tourism, retail trade, and electricity production. The drop in the CCLEI is restrained by the international price of oil, which fell significantly in November. The components of the CCLEI are selected from a pool of domestic and international leading indicators.