GGDDPP sshhrri­innkkss bbyy 22..22%% iinn 22QQ

Financial Mirror (Cyprus) - - FRONT PAGE -

GDP shrank in real terms by 2.2% dur­ing the sec­ond quar­ter of this year com­pared with the same quar­ter of the pre­vi­ous year, data re­leased by the Sta­tis­ti­cal Ser­vice showed.

Ac­cord­ing to the data, GDP stood at EUR 3,494 mln in the 2nd quar­ter, com­pared to EUR 3,571.2 mln in the same quar­ter of 2013.

Based on sea­son­ally and work­ing day ad­justed data, it is es­ti­mated that the GDP shrank by 2.5% com­pared to the same pe­riod of 2013, and 0.3% com­pared to the pre­vi­ous quar­ter. Pos­i­tive growth rates were recorded in tourism and trade which reached out­put of EUR 793.5 mln com­pared to EUR 769.4 mln in the same quar­ter of 2013, record­ing an in­crease of 0.03%.

¡ega­tive growth rates were recorded in the man­u­fac­tur­ing which reached EUR 259.9 mln com­pared to EUR 271.4 mln (drop of 0.04%). Like­wise, con­struc­tion which stood at the end of the sec­ond quar­ter at EUR 145.7 mln com­pared to EUR 177.3 mln in the same pe­riod of last year, shrank by 10.82%.

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.