articles | 09 March 2018

Economy expands 3.9% in Q4 2017

Cyprus’s economy expanded 3.9% in the fourth quarter of 2017, compared to the same period the previous year, and a seasonally adjusted 3.9%, the statistical service said.

The economic output in October to December grew 1.2% compared to the third quarter of last year, Cystat said in a statement on its website on Friday.

Output increased mainly in the hospitality industry, retail and wholesale trade, construction, and manufacturing, Cystat said.

The growth rate figure of the fourth quarter of 2017, is slightly below the February 14, flash estimate, which was 4%.

Source: Cyprus Mail

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