MONDAY, 15 AUG 2022

 

CONNECT

Facebook Linked In Twitter
IMH LTD

US Invests $280bn In High Tech To Compete With China

Greece Exits Enhanced Surveillance Programme 12 Years After Bailout

IMH LTD

ECONOMY

Industrial Output Prices Jump In June 2021

Industrial Output Prices Jump In June 2021

The Index of Industrial Output Prices for July 2021 rose by 11% driven by gains in all sectors, while the index for the period of January to July 2021 rose by a an annual 2.5%, the Cyprus Statistical Service has said.

 According to Cystat, the index in July 2021 10.8 units (base 2015=100), recording an increase of 1.8% compared to June 2021. Compared to the corresponding month of the previous year, the index recorded an increase of 11.0%.

 For the period January - July 2021, the index showed an increase of 2.5% compared to the corresponding period of 2020.

 Compared with June 2021, the index showed a rise in all sectors.  Electricity supply rose by 5.1%, in water supply and materials recovery by 1.1%, manufacturing by 1.0% and mining and quarrying by 0.4%.

 Compared to the corresponding month of the previous year, an increase was also recorded in all sectors, as follows: electricity supply 37.4%, water supply and materials recovery 31.5%, manufacturing 4.1% and mining and quarrying 1.1%.

 By division of economic activity in manufacturing, in July 2021 compared to the corresponding month of the previous year, increases were recorded in almost all economic activities, Cystat added.

 The most significant were observed in the manufacture of wood and products of wood and cork, except furniture (21.1%), the manufacture of basic metals and fabricated metal products (19.1%), the manufacture of rubber and plastic products (3.7%), the manufacture of furniture, other manufacturing and repair and installation of machinery and equipment (2.3%) and the manufacture of electronic and optical products and electrical equipment (2.0%).

 The only economic activity to decline in June was the manufacture of refined petroleum products, chemicals and chemical products and pharmaceutical products and preparations with 0.2%, Cystat said.

Source: CNA

MORE ON ECONOMY

Trade Deficit Up By €1.12 Billion In First Half Of 2022, CyStat Data Show

Trade deficit was up by €1.12 billion in the first half of 2022, data released by the ...

Cyprus Stock Exchange Market Capitalisation Of Shares Reached €1.90 Billion In July

The market capitalisation of the shares traded in Cyprus Stock Exchange reached €1.90 ...

Eurostat: Exports In Services In Cyprus Almost At Pre-Pandemic Levels In 2021

EU member states exported services worth a total of 1027 billion euro to countries ...

FROM AROUND GOLDNEWS

   

Epic Invests In Renewable Energy Sources To Battle Climate Change

Epic, as a pioneering company, is investing on green and sustainable development, aiming to the reduction of the company’s ecological footprint and ...
   

New Residence Permits Reach Pre-Pandemic Levels In Cyprus And The EU, According To Eurostat

New residence permits issued in the European Union, as well as in Cyprus, to non-EU citizens in 2021 reached pre-pandemic levels, according to data on first ...
   

US Invests $280bn In High Tech To Compete With China

US President Joe Biden has signed a law committing $280bn (£232bn) to high tech manufacturing and scientific research amid fears the country is losing ...
   

Property Values In Cyprus Continue Upward Trend In Q2 2022

KPMG in Cyprus announces that the “RICS Cyprus Property Price Index with KPMG in Cyprus” has been issued for Q2 2022.
   

Greece Exits Enhanced Surveillance Programme 12 Years After Bailout

Greece will be "turning a page in its modern history" as the European Commission confirmed on Wednesday that the country will exit its enhanced ...
   

PASCAL Schools Join Leading Education Group Globeducate

PASCAL Schools have joined Globeducate, one of the world´s leading K12 education providers, with 55+ premium bilingual and international schools, and online ...
   

Eurostat: Young Air Transport Workers Most Affected By Pandemic's Impact On Sector

The decline in passengers in air transport as a result of the COVID-19 pandemic had a pronounced effect on younger workers due to staff reductions by airlines ...
   

Cyprus One Of Few Countries That Implemented Central State Aid And De Minimis Registry

Commissioner for State Aid Control Stella Michaelidou has welcomed the fact that her Office has taken the lead at European level and has been an example for ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Vissi
cyta_road_show_9/8-21/9

IMH LTD