Cyprus: Industrial activity drops at sharpest rate since February in September
November 29, 2021
Industrial production decreased 1.2% year-on-year in September (August: +8.9% yoy). The outturn marked the worst reading since February and was largely attributed to weaker manufacturing output. Meanwhile, electricity output tumbled over the prior month.
Meanwhile, annual average industrial production growth rose to 5.5% in September (August: +5.4%), signaling an improving trend in the industrial sector.