ERC Economics Research Centre Archives

Economic sentiment picks up in April

Economic sentiment in Cyprus improved mildly in April after two months of deterioration, as the University of Cyprus Economic Sentiment Indicator (ESI-CypERC) increased by 0.8 points compared with March. Having risen to

29th April 2024

Cyprus/Economy

Real economic growth to pick up in 2025, says UCy

Real activity growth in Cyprus is expected to continue this year at a similar pace as in 2023 and to gather momentum in 2025, according to a quarterly survey published by the

27th April 2024

Cyprus/Economy

Growth rate slows in March – CCLEI survey

The island’s economy is slowing, with the growth rate turning negative for the second month in a row, according to a leading indicator used to predict the future direction of economic movements

22nd April 2024

Cyprus/Economy

CCLEI economic indicator about to flatline

A leading indicator used to predict the direction of economic movements in Cyprus in future months continues its downward trend and is about to flatline at 0% growth. The Cyprus Composite Leading

27th March 2024

Cyprus/Economy

Despite highs, economic uncertainty declines slightly

The level of economic uncertainty in Cyprus fluctuated during the period from December 2023 to February 2024, with a temporary increase noted in January, according to a University of Cyprus survey. Specifically,

13th March 2024

Cyprus/Economy

Confidence in services helps boost sentiment

Economic sentiment in Cyprus recovered to year-ago levels in January, mainly driven by confidence gains in services, having dropped in the previous month, according to a monthly survey compiled by the University

31st January 2024

Cyprus/Economy

Economic growth slows, to pick up from 2025

Real GDP growth in Cyprus is estimated to have slowed from 5.1% in 2022 to 2.4% in 2023, with economic growth projected to stay at 2.4% this year and to improve to

27th January 2024

Cyprus/Economy

Services, construction drag December sentiment

The economic sentiment indicator (ESI-CypERC) dropped in the last month of the year, driven by weaker business confidence in services and construction, a reversal of the November index and for the same

3rd January 2024

Cyprus/Economy

Slowdown in growth on geopolitical tensions

The growth prospects of the Cyprus economy seem to be struggling, impacted by ongoing regional geopolitical tensions, which is keeping the annual growth rate at a subdued pace, according to leading indicators

30th December 2023

Cyprus/Economy