CCLEI growth rate improves from ‘stable’ to ‘positive’

The year-over-year growth rate of a leading indicator used to predict the future direction of economic movements in Cyprus, improved in July, as a result of an increase in almost all the economic indicators composing the CCLEI, the University of Cyprus said in a monthly report. The Cyprus Composite Leading Economic Index (CCLEI), estimated by the university’s Economics Research Centre (CypERC), recorded a year-over-year increase of 0.8% in July, following the y-o-y increases of 0.9% and 0.8% in June (‘stable’ growth) and May, respectively, based on recent and revised data. Almost all components of the CCLEI, except the Economic Sentiment

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CCLEI growth rate improves from ‘stable’ to ‘positive’

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