Cyprus’ annual industrial production up by 7.1% in January

Cyprus’ industrial production was up this January by 7.1% compared to the same month of 2016, according to the latest data available by Eurostat.

In February 2017 compared with January 2017, seasonally adjusted industrial production fell by 0.3% in the euro area (EA19) and by 0.2% in the EU28, according to estimates from Eurostat.

In January 2017 industrial production rose by 0.3% in both zones. In February 2017 compared with February 2016, industrial production increased by 1.2% in the euro area and by 2.1% in the EU28.

For Cyprus, the latest available data concern January 2017, when industrial production increased by 0.2% compared to the previous month and by 7.1% compared to last year.

In a monthly basis, the largest decreases in industrial production were registered in Ireland (-15.5%), France (-1.6%) and Croatia (-1.5%), and the highest increases in Bulgaria and Slovenia (both +3.6%), Hungary (+3.4%) and Latvia (+3.2%).

In an annual basis, the highest increases in industrial production were registered in Greece (+11.2%), Latvia (+10.6%) and Estonia (+9.0%), while decreases were observed in Ireland (-10.0%) and France (-0.8%).

Source: Cyprus News Agency