The Cyprus Composite Leading Economic Index (CCLEI) recorded an annual increase of 3.9% in Apri 2021 reaching a level of 101.5, after the annual reductions of 2.5% in March and 8.8% in February (based on the latest and revised data).
According to a press release by the Hellenic Bank, which developed the index with the University of Cyprus, the strong increase of the CCLEI in April 2021 reflects the extensive vaccination campaigns against the COVID-19 pandemic, which helped improved economic growth expectations and conditions.
The CCLEI records the economic tendencies on a monthly basis and is prepared in cooperation with the University of Cyprus.
It says that both the Economic Sentiment Indicator (ESI) in the euro area, and the Economic Sentiment Indicator in Cyprus significantly strengthened in April 2021.The deterioration of the business cl
Source: Cyprus News Agency