CCLEI continues its upward trajectory, up by 2.9% Y-o-Y in February

08:01 - 02 April 2025

Economy Reporter

The Cyprus Composite Leading Economic Index (CCLEI), constructed and estimated by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-over-year (YoY) increase of 2.9% in February 2025.

This shows it is continuing its upward trajectory, following year-over-year increases of 2.5% and 2% recorded in January 2025 and December 2024, respectively, according to the most recently revised data.

According to CypERC, the year-over-year rate of expansion of the CCLEI maintained its upward trend in February 2025, driven by all its domestic and international economic components.

Specifically, the positive year-over-year change in property sales contracts, tourist arrivals, the total value of transactions with Cypriot credit cards, the volume of retail sales, as well as the adjusted (in terms of temperature) volume of electricity production, contributed to the strengthening of the Index.

In addition, developments in the international components of the CCLEI also contributed positively to the course of the Index in February, with the Sentiment Indices recording a year-over-year improvement in both the euro area and Cyprus, while the price of Brent crude oil recorded a further year-over-year decline in February 2025.

(Source: CNA)

CCLEI continues its upward trajectory, up by 2.9% Y-o-Y in February

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