The Composite Leading Economic Index (CLEI) of Cyprus, compiled and estimated by the University of Cyprus’ Economics Research Centre (ERC), recorded a 2.9% year-on-year increase in February 2025. This continued the upward trend observed in previous months, with annual increases of 2.5% in January 2025 and 2.0% in December 2024, according to the latest revised data.

According to the ERC, the CLEI maintained its upward momentum in February, driven by positive developments across all domestic and international economic components.

Several domestic indicators contributed to the strengthening of the CLEI, including:

• A positive year-on-year change in real estate sales

• An increase in tourist arrivals

• Growth in the total value of transactions using Cypriot credit cards

• Higher retail sales volume

• An increase in electricity production volume (adjusted for temperature)

In addition to domestic factors, international indicators also supported the CLEI’s growth. Economic sentiment indices improved year-on-year both in the euro area and in Cyprus. Furthermore, the price of Brent crude oil recorded a further year-on-year decline in February 2025, adding to the positive international economic environment.