Cyprus Q2 growth GDP revised up to 0.5%

Real GDP growth in the second quarter was revised up slightly to 0.5% over the year earlier according to full data published on Wednesday.
The previous flash estimate had reported a decline of 0.2% over the same period of the previous year.
Growth in the January-March quarter is now estimated at 0.4% over the previous quarter and a decline of 1.3% compared with the first quarter of 2009.
The Statistical Service reported that the improvement relative to the previous quarters was mainly owing to positive growth in banking activities and certain other services, as well as a better performance in the remaining areas of the economy.