Cliff on the ocean in Cyprus

Cyprus Industrial production December 2020

Cyprus: Decline in industrial output softens in December

Industrial production contracted 0.9% year-on-year in December, falling at a weaker rate than November’s 3.6% slide and logging the best result since February. December’s softer downturn was largely attributed to a strong rebound in mining and quarrying output, as well as a softer decline in manufacturing production.

Meanwhile, the trend deteriorated further, with the annual average variation of industrial production coming in at minus 7.9% in December, down from November’s minus 7.6%.

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