November CCLEI continues on healthy path

The annual growth rate of a leading indicator used to predict the future direction of economic movements in Cyprus, continued to improve for the sixth consecutive month in November, as a result of an increase in 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 1.2% in November, following the y-o-y increases of 1.2% and 1.0% in October and September, respectively. This is the first time that the index has enjoyed an annual