Q3 GDP falls a quarterly 0.4%, and annual 2%, Cystat Says

0

By Stelios Orphanides

Cyprus’s economy shrank a preliminary 0.4 per cent in July to September compared to the previous quarter and 1.9 per cent compared to the respective quarter in 2013, the statistical service said.

The economy shrank a seasonally adjusted 2 per cent in the third quarter of the year compared to the respective quarter of 2013, Cystat said in a statement on its website today.

Commerce, hotel and restaurants and legal and accountant services were the sectors with positive growth, the statement said. Industry, construction, banking, transport and other services saw their output fall.

Share.

About Author

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