Industry in Cyprus
Cyprus - Industry
Available data for the fourth quarter of last year paints a mixed picture, but overall suggests the economy should have registered another quarter of healthy expansion. This followed a firm third quarter, driven by buoyant household spending and upbeat construction investment. On the upside, annual growth in tourist arrivals was stronger in Q4 than in the previous quarter, while business confidence was especially buoyant, which bodes well for investment activity in the final quarter. Less positively, the unemployment rate increased in November for the second consecutive month, and consumer confidence remained stuck in negative territory throughout the quarter, which suggests cooling household spending.Cyprus - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -13.4 | -0.1 | 3.4 | 8.7 | 9.7 |
Cyprus Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
Cyprus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.13 | 0.65 % | Feb 14 |
| Stock Market | 60.5 | -0.44 % | Feb 14 |
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