Cyprus: Industrial output gains steam in February
Industrial production rose 0.6% year on year in February (January: -0.6% yoy). Looking at the details of the release, electricity supply output gathered steam, while water supply output contracted at a milder rate. That said, manufacturing output grew at a slower pace in February.
Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 0.8% in February, down from January’s 1.0% reading.