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Unemployment in Cyprus increased in November both on a monthly and annual basis, according to a report released on Monday by the Cyprus Statistical Service (Cystat).

According to the report, based on the data provided by the District Labour Offices, the number of registered unemployed at the end of November 2022 reached 15,309 persons.

Based on seasonally adjusted data, which facilitate the tracking of the trend of unemployment, the number of registered unemployed in November 2022 increased to 14,121 persons, compared to 13,768 during the previous month.

Compared to November 2021, there was an increase of 1,332 persons, a rise of 9.5 per cent, attributed primarily to the sectors of accommodation and catering services, with an increase of 889 people.

Other sectors that contributed to the rise in unemployment include the financial and insurance activities sector with an increase of 397 people, transport and storage with 81 people, public administration and defence with an increase of 80 people, as well as the information and communication sector with an increase of 60 people.

 

Industrial turnover in Cyprus marked an increase of 22.6 per cent year-on-year in September, according to a report released on Monday by the Cyprus Statistical Service (Cystat).

According to the report, the Industrial Turnover Index reached 205.4 units (base 2015=100) in September 2022, reflecting a rise of 22.6 per cent compared to September 2021.

For the period between January and September 2022, the index experienced a rise of 22.8 per cent compared to the corresponding period of the previous year.

Moreover, in manufacturing, the Industrial Turnover Index for September 2022 reached 179.6 units, growing by 12.4 per cent when compared to September 2021.

Finally, increases were also observed in the sectors of electricity supply, which grew by 62.6 per cent, mining and quarrying, with a rise of 39.3 per cent, and water supply and materials recovery, which rose by 7.8 per cent.

 

The Cyprus Stock Exchange (CSE) ended Monday, December 5 with losses.

The general Cyprus Stock Market Index was at 89.06 points at 13:12 during the day, reflecting a drop of 1.01 per cent over the previous day of trading.

The FTSE / CySE 20 Index was at 53.65 points, representing a decrease of 1.03 per cent.

The total value of transactions came up to €126,516.

In terms of the sub-indexes, the main, alternative and investment firm indexes fell by 1.29 per cent, 0.07 per cent and 3.47 per cent respectively, while the hotel index remained unchanged.

The biggest investment interest was attracted by the Bank of Cyprus (-1.64 per cent), Hellenic Bank (no change), Demetra Holdings (-3.69 per cent), Salamis Tours (-1.04 per cent), and Vassiliko Cement Works Public Company (no change).

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