GDP Growth Rate Estimated at +2.9% in Q2 2016

18:38 - 16 Αυγούστου 2016

According to the Flash Estimate compiled by the Statistical Service of Cyprus, the GDP growth rate in real terms during the second quarter of 2016 is positive and is estimated at +2.9% over the corresponding quarter of 2015.

Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at +2.7%.

The increase of the GDP growth rate is mainly attributed to the sectors: Hotels and Restaurants, Professional, Scientific and Technical Activities, Retail and Wholesale Trade, Manufacturing, Construction and Transport.

Negative growth rates were recorded by the Financial Service Activities.

  

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