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Cypriot economy buoyed by services and real estate
January 19, 2022
The Cypriot economy continued its recovery in December, carrying on with the trend of the two previous months, according to a report by the University of Cyprus Economic Research Centre released on Tuesday.
The Cyprus Composite Leading Economic Index (CCLEI), which uses a variety of metrics to provide an early outlook on future economic activity, rose by 14.8 per cent year-on-year in December, reaching a level of 115.7 points overall.
According to the most up-to-date and revisited data, the index had previously recorded yearly increases of 13.7 per cent and 13.1 per cent in November and October respectively.