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Industrial production in Cyprus marked significant recovery in May, reflecting the return of activity associated with the gradual relaxation of restrictive measures to contain the spread of the coronavirus pandemic. According to the Cyprus Statistical Service (Cystat) industrial production in May is provisionally estimated at 116.7 units (base 2015=100), marking a significant increase of 48% compared with April when a full lockdown was in effect. Manufacturing rose to 126.8 units in May registering an increase of 52.4% compared with the previous month, …
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