A slight slowdown in growth of 2.0% on an annual basis was recorded in October 2025 by the Cyprus Composite Leading Economic Index (CCLEI), which is compiled and estimated by the University of Cyprus' Economics Research Centre (CypERC), showing a steady annual growth rate, which, according to the Centre, indicates that "the Cypriot economy continues on a positive course, amid geopolitical turmoil and increased economic uncertainty."
This rise, as announced by CypERC on 5 November, follows annual increases of 2.0% in September, 2.1% in August, and 2.2% in July 2025, according to the latest revised data.
It is noted that in October 2025, the Index showed a steady annual growth rate, reflecting the relative balance between positive and negative trends in the individual indicators.
It is also stated that the strengthening of the Economic Sentiment Indicator (ESI) in Cyprus and the euro area, combined with the positive trend in tourist arrivals, retail trade and real estate sales, as well as the decline in the price of Brent crude oil, contributed to the growth of the Index.
On the contrary, according to the ERC, the decrease in temperature-adjusted electricity production, which has a significant weight in the composition of the CCLEI, held back CCLEI’s positive growth rate.
(Source: CNA)
