articles | 15 May 2018

Economy grows 3.8% in Q1 2018

The Cypriot economy expanded 3.8% in the first quarter of 2018 compared to the respective period last year, the statistical service said, citing a flash estimate.

Economic growth in the first three months of the year was also a seasonally adjusted 3.8%, Cystat said in a statement on its website recently.

The economy grew mainly on increased output in the hospitality sector, retail and wholesale, construction, manufacturing, professional, scientific and technical activities, and administrative and support activities, Cystat said.

According to Cystat’s initial –and later confirmed — estimates, the economy expanded in the previous quarter and in the first quarter of 2018 an annual 3.9% and 3.8% respectively.

Source: Cyprus Mail

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