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European Economic News

Cyprus Industrial Output Falls Further In April

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Cyprus' industrial production decreased further in April, data released by the statistical office showed Friday.

Industrial production declined 5.9 percent on an annual basis in April, after falling 17.9 percent in March and 16 percent in February.

Mining and quarrying production plunged 36.8 percent annually, and manufacturing production dropped 4.4 percent. There was an 8.2 percent fall in electricity supply during the month.

In the January-April period, industrial production decreased 11.9 percent from the corresponding period of 2012.

Separately, the agency said Cyprus' producer price index decreased 1.9 percent on an annual basis in May, after gaining 0.7 percent in April. Output prices in the domestic market dropped 2 percent, and those in the overseas market edged down 0.3 percent.

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