Insider Business Industrial production down by 10.6% in first four months of 2020, by...

Industrial production down by 10.6% in first four months of 2020, by 35.3% in April

Industrial production was down by 10.6% on an annual basis in the first four months of the year, while it fell by 35.3% in April, data released by the Cyprus Statistical Service on Monday show.

In particular, in April 2020, the second month during which COVID-19 containment measures continued to apply in Cyprus, the Index of Industrial Production reached 79.0 units (base 2015=100), recording a decrease of 35.3% compared to April 2019, CyStat says.

During the period January – April 2020, the index fell by 10.6% compared to the corresponding period of the previous year.

In manufacturing, the index for April 2020 reached 83.2 units, recording a decrease of 37.8% compared to April 2019. During the period January – April 2020, the manufacturing sector recorded a drop of 10.8% compared to the same period of the previous year.

(CNA)

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