The Cyprus Composite Leading Economic Index (CCLEI) recorded a mild decline in January compared to previous months, with a year-over-year increase of 2.9% in January 2026, following the year-over-year increases of 3.1% and 3.2% recorded in December and November 2025, respectively, according to the most recently revised data by the University of Cyprus' Economics Research Centre (CypERC).
"The positive year-over-year performance of the CCLEI in January indicates that the Cypriot economy continues to move on a stable growth trajectory, despite the ongoing external uncertainties stemming from the international economic situation and geopolitical developments," CypERC said in a press release on Tuesday.
"Despite the mild decline in its year-over-year growth rate compared to the previous two months, the CCLEI remains positive, reflecting overall favorable developments in the majority of its components," it added.
In particular, CypERC notes that the positive year-over-year growth rates were recorded in the (temperature-adjusted) electricity production volume, property sales contracts, tourist arrivals, and retail trade.
Also, the price of Brent crude oil in January recorded a significant decrease compared to the corresponding month in the previous year, while the Economic Sentiment Indicator (ESI) in the euro area showed further improvement in January 2026.
In contrast, the ESI in Cyprus showed a deterioration, on an annual basis, a development mainly linked to the decline in the business climate in the services sector and, to a lesser extent, in the industrial sector.
"Overall, the positive year-over-year performance of the CCLEI in January indicates that the Cypriot economy continues to move on a stable growth trajectory, despite the ongoing external uncertainties stemming from the international economic situation and geopolitical developments," it concluded.
(Source: CNA)
