Cyprus: Industrial output growth picks gains momentum in December
Industrial output grew 4.7% year-on-year in December, slightly up from the 4.4% clocked in November. December’s upturn came on the back of an improvement in electricity and water supply production. Contrastingly, mining and manufacturing slowed down considerably.
Meanwhile, the trend improved modestly, with the annual average growth of industrial production coming in at 9.3% in December, up from November’s 9.2%.