Cyprus: Industrial output growth gains steam in October
Latest reading: Industrial output rose 3.8% year on year in calendar-adjusted terms in October, which was above September’s 1.3% increase. The rise was partly driven by faster growth in manufacturing production. In addition, electricity, gas, steam and air conditioning supply production rebounded.
Meanwhile, annual average industrial production growth rose to 3.3% in October (September: +3.2%), signaling an improving trend in the industrial sector. On a seasonally adjusted monthly basis, factory output rose at a faster rate of 1.0% in October (September: +0.6% mom).