Cyprus: Industrial output jumps in July
Industrial production rose 4.1% year-on-year in July, markedly up from June’s revised 0.5% contraction (previously reported: 0.0% year-on-year) and marking the highest reading since February.
Rebounding output in the manufacturing and water supply sectors drove July’s increase. Meanwhile, the mining and quarrying, and electricity supply sectors contracted in the month.
The annual average growth in industrial production moderated marginally to 4.4% in July from 4.5% in June.