Economy expands 3.4% in Q1, Cystat says

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Economy expands 3.4% in Q1, Cystat says
 © BusinessMail 2017
By Stelios Orphanides

The Cypriot economy expanded 3.4 per cent in the first quarter of the year, compared to the respective three-month period of 2016, and a seasonally adjusted 3.3 per cent, the statistical service said citing a flash estimate.

Compared to October to December, the Cypriot economy grew 0.6 per cent in the first quarter, Cystat said in a statement on its website on Tuesday.

The acceleration of growth in the first quarter was mainly on increased activity in hotels and restaurants, retail and wholesale trade, construction and manufacturing, Cystat said. Financial...


Economy expands 3.4% in Q1, Cystat says


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