Insider Economy Cyprus Industrial Turnover declines by 20% in May 2020

Cyprus Industrial Turnover declines by 20% in May 2020

Cyprus’ Industrial Turnover Index fell by almost 20% in May 2020 compared to May 2019. It was affected by measures to curb the spread of the coronavirus pandemic.

According to data released on Thursday by Cystat, the index marked a steady improvement as containment measures were gradually lifted.

In May the index declined to 118.9 units compared to 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 manufacturing sector marked a decline of 19.6% in May compared to May 2019 and compared to an annual reduction of 32.6% in April.

(CNA)

Top Stories

Everything ready for inoculations among enclaved Greek Cypriots and Maronites

All necessary arrangements have been made to start inoculating against COVID-19 the enclaved population and those who repatriated in the Karpas peninsula and the...

Expert says any relaxations of COVID measures to be made gradually and aimfully

Any relaxations of COVID measures in place until the end of January should be made gradually and aimfully and with a specific procedure, member...

Roads toward Troodos open only to 4WD and vehicles with snow chains

Police are warning drivers heading to Troodos to be careful because of snow and fog and ice. The Karvounas-Troodos, Platres-Troodos and Prodromos Troodos roads are...

Health Ministry introduces new procedure for COVID inoculation appointments

Ηealth Ministry on Tuesday announced a new procedure for COVID inoculation appointments. Cyprus began the vaccination program of its population on December 27th with citizens...

Registration of motor vehicles from the UK

Following Brexit, the Road Transport Department, of the Ministry of Transport Communication and Works, announced the Regulations which now apply for the registration of...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...