Nicosia: The Cyprus Composite Leading Economic Indicator (CCLEI), crafted and evaluated by the Economics Research Centre (CypERC) of the University of Cyprus, experienced a 1.8% year-over-year rise in May 2025.
According to Cyprus News Agency, the CypERC announced in a press release on Tuesday that this rise follows previous year-over-year increases of 2.6% in April and 3.2% in March 2025, based on the latest revised figures.
The CCLEI has maintained an upward trajectory, albeit at a gradual pace. This trend mirrors developments in the individual leading economic components of the Index. Specifically, it results from both a decline in the year-over-year growth rate of the Economic Sentiment Indicator (ESI) in Cyprus and the worsening economic climate in the euro area during April and May 2025.
Additionally, weekly high-frequency data on electricity production, when adjusted for temperature, show a decrease in its year-over-year growth rate. However, the positive performance of other CCLEI components-such as property sales contracts, tourist arrivals, transactions with Cypriot credit cards, and retail trade volume-along with a drop in Brent crude oil prices, according to weekly data, contributed positively to the CCLEI’s growth.
The slowdown in the CCLEI’s positive growth rate reflects pressures from the external economic environment. This underscores the importance of monitoring developments and assessing the medium-term prospects of the Cypriot economy, CypERC concluded.