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Cyprus GDP growth for 2Q25 stood at 3.3%

Local Eye

Sep. 2, 2025

GREECE

Macro/Political:

  •  Greece’s Manufacturing PMI posted 54.5 in August, up from 51.7 in July, signalling the sharpest improvement in the health of the sector since March. The faster expansions in output and new orders supported sharper growth in the goods producing sector. Notably, total new sales rose at the quickest rate since March 2024, and the improvement in demand conditions was domestically focused as new export orders fell again.
    Source: PMI

 

  • According to Eurostat, the seasonally adjusted unemployment rate in July 2025 was 8% compared to  9.8% in July 2024, and 9% in June 2025.
    Source: Eurostat

CYPRUS

Macro/Political:

  • Final data showed that the seasonally adjusted GDP growth rate in real terms during the 2Q25 was positive at 3.3% (y-o-y), and 0.5% (q-o-q).
    Source: Cystat

 

  • Trade unions have called a general strike for September 11 after failed talks for the full implementation of the cost-of-living allowance (CoLA). At a meeting in Nicosia on Monday, the trade unions decided on a three-hour work stoppage from 11am till 2pm on September 11, as a warning for harsher measures if their demands are not met.
    Source: Kathimerini

 

  • The Turnover Value Index of Retail Trade (except of motor vehicles) for July 2025 increased by 5.2% compared to the corresponding month of the previous year. For the same month, the Turnover Volume Index of Retail Trade increased by 8.7% compared to the corresponding month of previous year.
    Source: Cystat

 

  • According to Eurostat, the seasonally adjusted unemployment rate in July 2025 was 5% compared to 4.7% in July 2024, and 4.7% in June 2025.
    Source: Eurostat
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