Cyprus: Industrial output growth accelerates in November
Industrial output growth accelerated to 4.4% in annual terms in November, up from October’s 2.8% increase. The upturn was largely attributed to stronger manufacturing output as well as rebounding mining and quarrying production. Meanwhile, electricity supply production declined at a slower rate in November.
Meanwhile, annual average industrial production growth rose to 7.4% in November (October: +7.1%), logging a near three-year high.