Local
articles | 13 November 2015

Cypriot economy grows 2.3% in Q3 2015

Cyprus’ economy grew an annual 2.3% and a seasonally adjusted 2.2% in the third quarter 2015, the statistical service said recently.

From July to September, the economy grew 0.5% quarter-on-quarter, after growing at the same rate in the previous three months, Cystat said in a statement on its website.

In the second quarter, the economy grew an annual 1.2%. It is Cyprus’ third consecutive growth quarter after its economy had contracted for 14 consecutive quarters.

Manufacturing, retail and wholesale, hotels and restaurants, transports, professional, scientific and technical activities, support service activities as well as financial service activities, saw their output grow in the third quarter, Cystat said. “Νegative growth rates were recorded by the sectors recreational, cultural and sporting activities, activities of households as employers and other community, social and personal service activities,” it added.

Source: Cyprus Mail

Cooperation Partners
  • Logo for Cyprus Investment Funds Association
  • Logo for Association of Cyprus Banks
  • Logo for Ministry of Energy, Commerce, Industry and Tourism
  • Logo for CFA Cyprus
  • Logo for Cyprus International Businesses Association
  • Logo for Cyprus Chamber of Commerce and Industry
  • Logo for Cyprus In Your Heart
  • Logo for Invest Cyprus
  • Logo for Cyprus Shipping Chamber