Downward trend of CCLEI Index reverses in January 2020

The Cyprus Composite Leading Economic Index (CCLEI) based on the Aruoba, Diebold, and Scotti (ADS) (2009) model approach (CCLEI_ADS), exhibited a Year-over-Year (YoY) decrease of 1.3% in January 2020, reaching a level of 110.9, following decreases of 2.5% in December, and 3.5% in November (based on the updated data).

According to a report of the Economic Research Center of the University of Cyprus, the downward trend of the CCLEI Index appears to be reversed mainly due to the external factors and more precisely to the improvement of the Euro Area Economic Sentiment Indicator (EAESI) during the last three months, as well as the YoY negative performance of the Brent Crude Oil price in January.

The risks surrounding the euro area’s growth prospects which are linked to geopolitical factors, rising protectionism and vulnerabilities in developing markets continu

Source: Cyprus News Agency

Downward trend of CCLEI Index reverses in January 2020

The Cyprus Composite Leading Economic Index (CCLEI) based on the Aruoba, Diebold, and Scotti (ADS) (2009) model approach (CCLEI_ADS), exhibited a Year-over-Year (YoY) decrease of 1.3% in January 2020, reaching a level of 110.9, following decreases of 2.5% in December, and 3.5% in November (based on the updated data).

According to a report of the Economic Research Center of the University of Cyprus, the downward trend of the CCLEI Index appears to be reversed mainly due to the external factors and more precisely to the improvement of the Euro Area Economic Sentiment Indicator (EAESI) during the last three months, as well as the YoY negative performance of the Brent Crude Oil price in January.

The risks surrounding the euro area’s growth prospects which are linked to geopolitical factors, rising protectionism and vulnerabilities in developing markets continu

Source: Cyprus News Agency