Cyprus industrial output tumbles 10.3% y/y in June

Industrial production continued to slide in June, recording a fall of 10.3% compared with June 2011 according to the latest figures from the Statistical Service.
The Manufacturing sub index slide even further, recording a decline of 11.4% compared with June 2011.
During the period January – June 2012 the industrial production index recorded a decrease of 10.6% compared with the same period of the previous year.
Meanwhile, industrial output prices have been rising despite weak demand. The prices index for July 2012 reached 139.7 (base 2005=100), recording an increase of 0.3% compared with June 2012.
The manufacturing the prices subindex rose by 0.4% compared with June 2012.
For the period January-July 2012 the industrial output prices index rose by 7.9% compared with the corresponding period of the previous year.