Cyprus's economy has different signals. Some important signs show growth. Others show a small drop. The University of Cyprus studied these signs.
A main index that predicts future economic activity grew in November. This index is called the Composite Leading Economic Index. It increased by 1.8% compared to last year. This is good news for the economy.
However, another sign shows businesses and people are less confident. This is the Economic Sentiment Indicator. It went down a little in November. This happened after it was better in September and October.
The growth in the leading index is due to many good things. More tourists are visiting Cyprus. Sales in shops are strong. House sales are also good. Oil prices are lower. This helps the economy.
But, confidence in the services sector dropped. This means some service companies are not earning as much money. This is why the overall confidence indicator decreased slightly.
Other areas are doing better. Confidence in shops is much higher. This is because they expect good sales. The building industry is also more positive. They have more orders.
Industrial companies are also more hopeful. People are also more confident about their money. They feel better about the country's economy. They are also ready to buy more things.
This increased consumer confidence lowered economic uncertainty. This is a very good sign for the future.
Experts say the economy is growing. However, there are still global worries. The economy is moving forward. But some parts are stronger than others. The economy needs to grow in all areas.