Industrial production in Cyprus increased 4.6 percent year-on-year in June of 2021, easing from an upwardly revised 12 percent rise in the previous month. It is the lowest gain in the current sequence of rising production that started 4 months ago. Production slowed significantly for manufacturing (1.5 percent vs 12.9 percent) and slightly for mining and quarrying (11.7 percent vs 12.4 percent) sector. Meanwhile, output rate increased for water supply and materials recovery (21.5 percent vs 12.5 percent) and electricity supply (14.1 percent vs 8 percent). On a monthly basis, industrial production rose by 5.5 percent following a 4.3 percent increase in the previous month. source: Statistical Service of the Republic of Cyprus
Industrial Production in Cyprus averaged 0.44 percent from 2000 until 2021, reaching an all time high of 56 percent in April of 2021 and a record low of -36.10 percent in April of 2020. This page provides the latest reported value for - Cyprus Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cyprus Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on September of 2021.
Industrial Production in Cyprus is expected to be 3.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Industrial Production is projected to trend around 0.90 percent in 2022 and 0.80 percent in 2023, according to our econometric models.