The Cyprus Composite Leading Economic Index (CCLEI) recorded a year-over-year increase of 10.8% in August 2021, reaching a level of 114.1, after year-over-year increases of 11.2% in July and 11.7% in June, CNA reports.
According to a Hellenic Bank’s press release, the CCLEI continues to record positive year-over-year growth rates in July and August 2021, albeit somewhat weaker.
More specifically, according to preliminary data in August, a positive effect on the CCLEI and domestic economic activity is still exerted by tourist arrivals, which present a relatively good tourist depiction in August amid a 4th wave of the pandemic, as well as the volume of retail sales.
RELATED TOPICS: Greece, Greek tourism news, Tourism in Greece, Greek islands, Hotels in Greece, Travel to Greece, Greek destinations, Greek travel market, Greek tourism statistics, Greek tourism report
Photo Source: Wikimedia Commons License: CC-BY-SA Copyright: NicosiaMansions2
