Cyprus industrial turnover rises 8.7% in December

Industrial turnover was strong in December according to the latest figures from the Statistical Service.
The industrial turnover index reached 165.7 (base 2000=100), recording an increase of 8.7% compared with December 2007.
Industrial production in the same period rose by only 1.9%, however.
For the period January-December 2008 turnover rose by 12.8% compared to the same period of the previous year, while production rose by 2.6%.
The index comprises mining and quarrying, manufacturing, electricity, gas and water supply.
For manufacturing, the index for December 2008 reached 158.1, recording an increase of 5.3% compared with December 2007.