Financial Mirror
The annual growth rate of a leading indicator in Cyprus used to predict the future direction of economic movements, declined for the second consecutive month in April amid international pressures and turbulence, the University of Cyprus said in its monthly report. The Cyprus Composite Leading Economic Index (CCLEI), which is constructed and estimated by the university’s Economics Research Centre (CypERC), deteriorated further in April, recording a year-on-year decrease of 1.72%, according to recently revised data. This follows the marginal annual decline seen in March, after the year-on-year increase of 0.82% recorded in February. The further deterioration of the CCLEI in April The post CCLEI trend slows in March, April appeared first on Financial Mirror .
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