CCLEI Experiences Mild Growth in November

The Composite Leading Economic Index (CCLEI) trend up in November, reflecting a mild increase in the annual growth rate for the Cypriot economy. According to a report from the University of Cyprus, the CCLEI recorded a year-on-year increase of 1.8% in November, maintaining a trajectory similar to previous months.

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Cclei: Consistency in Economic Indicators

This growth rate aligns closely with the CCLEI’s performance in preceding months, where it marked a 1.9% increase in October and a steady 1.8% in September 2025. The consistent figures suggest that despite various challenges, the economy is sustaining a positive outlook.

Factors Driving Growth

The report highlights several contributing factors that buoyed the CCLEI in November. Notably, an improvement in the weighted Economic Sentiment Indicator (ESI) for both Cyprus and the broader euro area has played a crucial role. Additionally, the positive performance across various sectors—particularly tourist arrivals, retail trade, and property sales—has provided further support for the index.

Geopolitical Context and Economic Sentiment

Despite the encouraging growth, the report acknowledges that this positive trajectory is unfolding amid heightened uncertainty and geopolitical tensions. The ongoing dynamics in the region are influencing economic sentiment, which remains a critical factor in future predictions.

Energy Prices and Production Trends

Another aspect noted in the report is the decrease in the price of Brent crude oil, which has had a beneficial impact on the economic landscape. However, not all indicators have been positive. There was a downward trend in the temperature-adjusted volume of electricity production, which is a significant component of the CCLEI. This decline has exerted a negative influence on the overall index performance for November.

Looking Ahead

The CCLEI’s stability suggests that while the Cypriot economy faces challenges, there are also key areas of strength that could support continued growth. The interplay between various economic factors will be crucial for maintaining this momentum in the coming months.