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Cyprus Industrial production October 2022

Cyprus: Decline in industrial output softens in October

Industrial output slid 1.0% year on year in October (September: -1.3% yoy). The smaller drop was largely driven by an improvement in manufacturing and electricity supply output. That said, mining output grew at a more subdued pace in October.

Meanwhile, annual average industrial production growth fell to 1.9% in October (September: +2.2%), which marked an over one-year low.

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