Industrial turnover down 12.8 per cent in May

Cyprus` industrial turnover in May declined to 109.0 units recording a decrease of 12.8 per cent year on year, figures released on Tuesday by Cyprus Statistical Service show.

For the period January-May 2013, the index recorded a decrease of 11.1 per cent compared to the same period of the previous year.

For Manufacturing, the index for May 2013 reached 98.6 units, recording a decrease of 11.3 per cent compared to May 2012.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.