state statistical service

Cyprus?s GDP contracted by 0.6 percent in the fourth quarter of 2014, compared with 0.9 percent in the previous three months, beating a flash estimate made last month, official figures showed on Wednesday.

As a result, the economy suffered its 14th successive quarterly contraction, according to figures from the state statistical service.

NICOSIA ? Cyprus?s recession deepened in the fourth quarter of 2014 as gross domestic product shrank by 0.7 percent from the previous three-month period, official data showed on Friday.

The Cypriot economy contracted 0.3 percent in the third quarter, a slight improvement on a 0.4 percent dip in the previous three months, the state statistical service said on Tuesday.

This was the 13th successive negative quarter for the Mediterranean island country’s battered economy, according to a revised estimate, which had put the July-September contraction at 0.4 percent.

Cyprus’s recession-hit economy contracted by 0.4 percent in the third quarter, matching the drop of the previous three months, official figures showed on Friday.

Buoyed by tourism income, Cyprus’s recession-hit economy contracted by a slower 0.3 percent in the second quarter, down from the 0.6 percent drop in the previous three months, official figures showed on Wednesday.

Although it was the 12th successive negative quarter for the Mediterranean island’s battered economy, the figures were unchanged from a flash estimate issued on August 14.