Cyprus: Industrial output records slowest expansion since February in July
Industrial output rose 5.6% compared to the same month of the previous year in July, which was a deterioration from June’s 6.9% increase. The result marked the worst reading since February. July’s slowdown was largely driven by a deterioration in manufacturing production.
Meanwhile, the trend improved, with the annual average growth of industrial production coming in at plus 4.0% in July, up from June’s 2.9% reading.