Cyprus: industrial output down 11.3% y/y in Nov

The industrial production in November 2012 reached 79.7 (base 2005=100), recording a decrease of 11.3% compared with November 2011 according to the Statistical Service.
The manufacturing subindex fell in the same period by 10.0%.
In the period January – November 2012 industrial production fell by 9.1% compared with the same period of the previous year.
Meanwhile, despite falling output, prices at the factory gate rose in 2010. Industrial output prices rose by 6.8% compared with the year earlier in 2012.
In December they fell by 0.6% over the previous month, while manufacturing prices dropped by 0.9%.