articles | 14 February 2018

Economy expands 4% in Q4 2017

Cyprus’ economy expanded 4% in the fourth quarter of 2017 compared to the respective three-month period last year, the statistical service Cystat said citing a flash estimate.

The fourth quarter economic output expanded a seasonally adjusted 3.9%, Cystat said in a statement on its website. Compared to July to September, the economy grew in October to December 1.1%.

Economic activity increased mainly in the areas of hotels and restaurants, retail and wholesale trade, construction and manufacturing, Cystat said.

Source: Cyprus Mail

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