The annual growth rate of a leading indicator used to predict the future direction of economic movements in Cyprus, continued to improve in August, as...
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A leading indicator, used to predict the future direction of economic movements in Cyprus, turned marginally positive in May, halting the negative year-on-year growth of the index observed in the past three months. The Cyprus Composite Leading Economic Index (CCLEI), estimated by the Economics Research Centre (CypERC) of the University of Cyprus, recorded a year-over-year increase of 0.1% in May, following the annual decreases of 0.2%, 0.4% and 0.4% in April, March and February, respectively, according to recent and revised data. The positive estimate of the CCLEI in May is mainly due to the year-over-year growth of several domestic variables.
The annual growth rate of a leading indicator used to predict the future direction of economic movements in Cyprus, continued to improve in August, as...
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