Economy expands 3.9% in Q4, Cystat says

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By Stelios Orphanides

Cyprus’s economy expanded 3.9 per cent in the fourth quarter of 2017, compared to the same period the previous year, and a seasonally adjusted 3.9 per cent, the statistical service said.

The economic output in October to December grew 1.2 per cent compared to the third quarter of last year, Cystat said in a statement on its website on Friday.

Output increased mainly in the hospitality industry, retail and wholesale trade, construction, and manufacturing, Cystat said.

The growth rate figure of the fourth quarter of 2017, is slightly below the February 14, flash estimate, which was 4 per cent.

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Stelios Orphanides is a journalist at CyprusBusinessMail.com. To contact Stelios Orphanides: [email protected]

  • Cydee

    Isn’t it amazing how these quarterly reports are always ‘the best ever’….I wonder how this can be with so many shops and businesses closing. (Paralimni area).