Cyprus Industrial Turnover declines by 20% in May 2020

Cyprus Industrial Turnover Index fell by almost 20% in May 2020 compared with May 2019 affected by measures to curb the spread of the coronavirus pandemic.
According to data released on Thursday by the Statistical Service of Cyprus (Cystat), the index marked a gradually improvement as containment measures were gradually lifted.
In May in the index declined to 118.9 units compared with 147.8 units in May of last year, marking a decline of 19.7%.
However, the annual reduction in the previous month where containment measures were fully in place amounted to 30%.
The sector of manufacturing marked declined by 19.6% in May compared with May 2019, compared with an annual reduction of 32.6% in April.


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from Cyprus News Agency
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