Cyprus Mail
Business

Industrial turnover down 0.6% as manufacturing revenue rises 6.1%

By Stelios Orphandies

Industrial turnover fell 0.6 per cent in October compared to a year before on a revenue slump in mining and quarrying, electricity and water supply and recycling which an increase in manufacturing could not entirely offset, the statistical service said.

Turnover in manufacturing rose an annual 6.1 in October, Cystat said in a statement on its website on Wednesday. Turnover in mining and quarrying dropped 9.1 per cent compared to a year before in October, while in electricity supply it dropped 19 per cent and in water supply and recycling it fell 14 per cent.

In January to October, turnover in manufacturing rose 2 per cent, Cystat said. In mining and quarrying it fell 8.4 per cent in the first ten months of 2015 compared to the respective period a year before, while in electricity supply it fell 18 per cent and in water supply and recycling 9.6 per cent. Overall industrial turnover in January to October 2015 fell an annual 2.9 per cent.

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