Exchange Rate in Cyprus
Cyprus - Exchange RatePreliminary GDP data showed that the economy gained steam in the third quarter, after growth eased to an over four-year low in the prior quarter owing to weak net trade. The upturn mainly reflected solid expansions in the hospitality, trade, construction and manufacturing sectors outweighing a slump in activity in the financial services industry. On the expenditure side, private consumption seemed to have made a significant contribution to the expansion amid a tightening job market which saw the unemployment rate dip to its lowest in eight-and-a-half years in Q3, and as reflected by buoyant retail sales growth in July–August and consumer sentiment improving notably in September. Meanwhile, the external sector likely continued to drag on overall activity, with tourism revenues falling, on average, in July–August and merchandise exports plunging in the quarter, albeit both to a lesser extent than in Q2.
Cyprus - Exchange Rate Data
|Exchange Rate (vs USD)||-||-||-||-||-|
5 years of economic forecasts for more than 30 economic indicators.
Cyprus Exchange Rate Chart
Source: Thomson Reuters.
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||69.9||-0.44 %||Sep 04|
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November 14, 2019
Annual growth picked up to 3.2% in the third quarter from 3.0% in the previous quarter, which had marked the slowest expansion since Q1 2015.
November 7, 2019
Consumer prices rose 0.4% from the previous month in October, following September’s 0.6% month-on-month increase.
October 30, 2019
Industrial production rose 3.7% year-on-year in August, down slightly from July’s revised 4.2% increase (previously reported: +4.1% year-on-year).
October 3, 2019
Consumer prices rose 0.6% from the previous month in September, following August’s 0.3% month-on-month increase.
September 27, 2019
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.