Q3 2017 GDP rises 0.9% - Cyprus Profile


    Articles | 07 December 2017

    Q3 2017 GDP rises 0.9%

    Seasonally adjusted GDP rose by 0.6% in both the euro area (EA19) and the EU28 during the third quarter of 2017, and by 0.9% in Cyprus compared with the previous quarter, according to an estimate published by Eurostat recently.

    In the second quarter of 2017, GDP grew by 0.7% in the EA19 and the EU28 and by 1.0% in Cyprus.

    Compared with the same quarter of the previous year, seasonally adjusted GDP rose by 2.6% in both the euro area and the EU28 in the third quarter of 2017, and by 3.9% in Cyprus.

    Meanwhile data released on Thursday by Cyprus’ Statistical Service (Cystat) showed that inflation increased by an annual 0.3% in November, mainly due to price increases in housing, water, electricity, gas and other fuels.

    November is the second consecutive month with a positive inflation rate.

    The Consumer Price Index in November 2017 registered at 99.44 units compared to 99.34 units in the previous month.

    In the January – November 2017 period, the CPI marked an increase of 0.6% compared with to the same period in 2016.

    Transport and Education also helped in maintaining inflation on a positive track.

    Source: Cyprus Mail

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