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Cyprus Industrial production September 2021

Cyprus: Industrial activity drops at sharpest rate since February in September

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.

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