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Industrial turnover index decreases by 8.6%

20/11/2020 13:53

The Industrial Turnover Index marked a decrease of 8.6% during the first 8 months of 2020 and 11.4% in August, compared to the same month of the previous year.

According to the Statistical Service of the Republic of Cyprus, in August 2020, the Industrial Turnover Index reached 110.7 units (base 2015=100), recording a decrease of 11.4% compared to August 2019.
 
For the period January – August 2020, the index showed a decrease of 8.6%, compared to the corresponding period of the previous year.

For manufacturing, the index for August 2020 reached 110,0 units, recording a drop of 6.1% compared to August 2019.