CYPRUS: Industrial output sees sixth annual fall

Industrial output is nearing its lowest levels in years with the Index of Industrial Production recording a significant slowdown in 2014, continuing the negative trend of the past six years.
For the January–December 2014 period, the index decreased by 0.2% compared to the same period of the previous year.
For the month of December 2014 it reached 72.0 units (base 2010=100), recording a mild increase of 1.2% compared to the year-earlier month.
For Manufacturing, the index for December 2014 reached 71.1 units, an increase of 0.9% compared to December 2013.
Moreover, the Industrial Output Prices Index for January 2015 reached 104.4 units from its 100-base in 2010, a decrease of 1.5% compared to December 2014. For January 2015, the index showed a decrease of 1.6% compared to January 2014.