Cyprus' economic growth rate moderated in the first quarter of 2026, preliminary data from the statistical office showed on Wednesday.
Gross domestic product advanced a seasonally adjusted 3.0 percent year-on-year, following a 4.3 percent increase in the fourth quarter. Further, this was the weakest expansion since the third quarter of 2023.
The overall growth was mainly attributed to the sectors, namely wholesale and retail trade, repair of motor vehicles, information and communication, and financial and insurance, the agency said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.