The Cyprus Composite Leading Economic Index (CCLEI) deteriorated further in April, recording a year-on-year decrease of 1.72%, according to a release by the Economics Research Center of the University of Cyprus.
The decline of the sentiment index followed a marginal year-on-year decrease in March, after an annual increase of 0.82% recorded in February.
According to the Economics Research Center, the further deterioration of the Index mainly reflects adverse developments in key components, amid increased geopolitical and external economic pressures.
Economic sentiment in the euro area and especially in Cyprus deteriorated in April, compared with April 2025, leading to a yearly decrease in the weighted Economic Sentiment Indicator. At the same time, the price of Brent crude oil recorded a larger annual increase in April, following the yearly increase already recorded in March.
Tourism arrivals also contributed negatively, as, according to the announcement, they were affected by flight cancellations and possible fuel shortages, recording a significant year-on-year decrease in April.
