The Cyprus Composite Leading Economic Index (CCLEI), which is constructed and estimated by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-over-year increase of 1.8% in September 2025.
According to a press release issued by the Economic Research Centre of the University of Cyprus, this increase follows year-over-year increases of 2.1% in August and 2.2% in July 2025, according to the most recently revised data.
The year-over-year CCLEI growth slowed slightly in September, reflecting developments in both domestic and international leading indicators.
Specifically, the Economic Sentiment Indicator (ESI) in the euro area, the temperature-adjusted volume of electricity production, as well as property sales contracts contributed to the slowdown in the rise of the CCLEI in recent months.
On the contrary, the positive development of the other leading indicators that make up the CCLEI, such as tourist arrivals and retail trade, combined with the fall in the weekly price of Brent crude oil, partially offset the negative pressures and strengthened the overall growth of the CCLEI.
In summary, the CypERC said, "the slowdown in the year-over-year growth of the CCLEI in September suggests that the growth momentum of the Cypriot economy which despite maintained positive course, remains vulnerable to geopolitical developments and prevailing economic uncertainty."
(Source: CNA)
