Cyprus Economy Under Pressure: Growth Slowdown Recorded

Cyprus’s Composite Leading Economic Index (CLEI) once again declined in April 2026, indicating a slowdown in economic growth in the short term. This was announced by the Cyprus Economic Research Centre of the University of Cyprus.

According to the published data, the index fell by 1.72% compared with April last year. This continued the negative trend that began in March, after a brief increase recorded in February.

Experts attribute the deterioration in the indicators to heightened geopolitical tensions and external economic pressure. In particular, the economic climate worsened both in the eurozone and in Cyprus, which negatively affected business activity.

An additional source of pressure was the rise in Brent crude oil prices, which accelerated in April. The decline in tourist traffic also had a negative impact. According to analysts, tourism was affected by flight cancellations and concerns related to a possible fuel shortage.

Despite this, a number of sectors continue to show positive momentum. Growth was recorded in electricity generation, real estate transactions, retail trade volume and the use of bank cards.

Economists note that the current figures point to mounting risks for the island’s economy, especially amid an unstable international environment and continued pressure on the energy sector.