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Thursday, the Statistical Service of the Republic of Cyprus said in a report that the industrial production index decreased 5% year-on-year in August, slower than the revised 7.4% fall in the previous month. August marks the tenth straight month in which industrial output has recorded an annual decline.
Manufacturing production fell 11% on an annual basis in August, while mining and quarrying production was down 16%. These were partly offset by a rise in output in the water supply & materials recovery group by 48.6%.
In the January to August period, industrial production decreased 8.7% compared to the corresponding period of last year.
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