Cyprus: Industrial output growth rises in August
Industrial output rose 8.5% compared to the same month a year earlier in August, which was above July’s 5.9% increase. August’s notable upturn was primarily driven by an upturn in manufacturing and electricity supply output.
Moreover, the trend improved sizably, with the annual average growth of industrial production coming in at a two-year high of plus 5.4%, up from July’s 4.0% reading.