Industrial Production in Cyprus down by 7.8% in 2020

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Industrial Production Index recorded a decrease of 7.8% in 2020 compared to 2019, according to data released by the Statistical Service of Cyprus on Thursday. Comparing the rates of change for the period January – December 2020 against the corresponding period of the previous year, decreases are observed in most economic activities, with the most significant ones relating to: manufacture of furniture and repair/installation of machinery and equipment (-25.3%), manufacture of paper and paper products and printing (-25.3%), water collection, treatment …

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