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Sixth consecutive quarter of GDP growth, at 2.9%
Posted on: 12/16/2016 3:49:56 AM under General News
For the sixth consecutive quarter economic growth has been
reported for Cyprus, with the third quarter of 2016 recording a growth rate of
2.9% according to the Cyprus Statistical Service.
Τhe GDP growth rate in real terms during the third quarter of
2016 is positive and estimated at +2.9% over the corresponding quarter of 2015.
Based on seasonally and working day adjusted data, GDP growth rate in real
terms is estimated at +2.9%.
The increase of the GDP growth rate is mainly attributed to the
sectors: "Hotels and Restaurantsâ€, "Professional, Scientific and Technical
Activitiesâ€, "Retail and Wholesale Tradeâ€, "Manufacturingâ€, "Construction†and
"Transportâ€. Negative growth rates were recorded by the sectors: "Financial
Service Activities†and Information and Communicationâ€.
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