Cyprus’ economy records 3.9% growth in the third quarter of 2017 – CyStat

Cyprus’ economy records 3.9% growth in the third quarter of 2017 – CyStat

“Τhe GDP growth rate in real terms during the third quarter of 2017 is positive and estimated at 3.8% over the corresponding quarter of 2016”, according to Cystat.

Based on seasonally and working day adjusted data, CyStat determined that the GDP growth rate in real terms is estimated at 3.9%, mostly attributed to the sectors of “hotels and restaurants”, “retail and wholesale trade”, “construction” and “manufacturing”.

On the other hand, a negative growth rate was recorded in the sector of “financial and insurance activities”./IBNA