CCLEI trend up in November

The annual growth rate of a leading indicator in Cyprus used to predict the future direction of economic movements, saw a mild increase in November, but continued on a similar trend from the previous months, the University of Cyprus said in a report.

The Composite Leading Economic Index (CCLEI), compiled by the university’s Economics Research Centre (CypERC), recorded a year-on-year increase of 1.8% in November.

This growth rate is close to the levels of previous months, as the year-over-year growth of the Index was 1.9% in October and 1.8% in September 2025, according to the most recently revised data.

The positive annual growth indicates that the Cypriot economy continues its positive course, although its growth momentum is taking shape in an environment of increased uncertainty and geopolitical tensions, the authors of the report said.

Specifically, the strengthening of the weighted Economic Sentiment Indicator (ESI) in Cyprus and the euro area, combined with the positive performance of tourist arrivals, retail trade and property sales contracts, as well as the decrease in the price of Brent crude oil, drove the year-over-year growth rate of the CCLEI in November.

In contrast, the downward trend in the – temperature-adjusted – volume of electricity production, which holds a significant weight in the composition of the Index, had an offsetting negative effect on the CCLEI in November.