Economy category powered by

Industrial output prices decline by an annual 1% in September

10:00 - 01 November 2024

Economy Reporter

Industrial output prices recorded a new drop in September with the Index dropping by an annual 1% in September, CySTAT has reported.

The Index of Industrial Output Prices for September 2024 reached 123.4 units (base 2021=100), recording a decrease of 0.4% compared to August 2024 and by 1% compared to the corresponding month of the previous year.

For the period January-September 2024, the index observed a decrease of 2.1% compared to the corresponding period of 2023, CySTAT added.

Compared with August 2024, the index remained stable in the sector of mining and quarrying, while it registered an increase in the sector of manufacturing by 0.2%.

A decrease was recorded in the sectors of electricity supply with 2.4% and water supply and materials recovery with 0.4%.

Compared to the corresponding month of the previous year, an increase was recorded in the sectors of mining and quarrying (1.0%) and manufacturing (0.3%). The index showed annual losses in the sectors of electricity supply by 5.4% and water supply and materials recovery by 2.3%.

(Source: CNA)

News Feed

Read More

The essential ingredients for Cyprus’ future as an international business and financial hub
Tourist arrivals up 7.5% in Q1, down 0.8% in March
Cyprus-Germany Business Association holds networking event in Nicosia
Andreas Kakouris is reportedly Cyprus’ candidate for UN General Assembly Presidency
Makis Keravnos urges structured dialogue between EU-USA on tariffs
Greek Cypriot side hands over names for Technical Committee on Youth
New era at CIBA with Vassilios Demetriades at the helm
Cabinet approves bills for national unit to implement economic sanctions
US Ambassador meets with the President of the Cyprus Olympic Committee at the Olympic House
Second-placed Cyprus among the EU members transporting most freight by sea in 2023