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Cyprus Industrial Turnover Growth Quickens In November

JohnLocke

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Industrial turnover in Cyprus increased 8.4% year-on-year in November, faster than the 1.7% rise recorded in October, the Statistical Service of the Republic of Cyprus revealed Monday.


Industrial turnover in the domestic market grew 5.5%, after dropping 0.1% in the previous month. Turnover in the export market surged 31.4% year-on-year, following an 18.5% increase in October.


Turnover in the manufacturing sector advanced 5.8% annually in November, reversing a 2.9% fall in last month. Mining and quarrying turnover climbed 11.5% during the month, faster than the 3% growth seen in October.


In the January-November period, industrial turnover rose 4% from the corresponding period a year ago.
 

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