Industrial production in Cyprus dropped 14.9 percent from a year earlier in May 2020, following a record 35.6 percent plunge in the previous month, as the lockdown measures imposed to curb the coronavirus pandemic were gradually lifted. Manufacturing output fell 15.2 percent, after a 38.1 percent tumble in April with food products declining 13.6 percent (vs -25.2 percent in April). In addition, output declined for electiciry supply (-13.4 percent vs -20.6 percent), water supply and materials recovery (-15.8 percent vs -34.4 percent), and mining and quarrying (-13.6 percent vs -71.1 percent).

Industrial Production in Cyprus averaged 0.34 percent from 2000 until 2020, reaching an all time high of 16.50 percent in April of 2002 and a record low of -35.40 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 August of 2020.

Industrial Production in Cyprus is expected to be -4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Cyprus to stand at 1.90 in 12 months time. In the long-term, the Cyprus Industrial Production is projected to trend around 2.20 percent in 2021 and 0.80 percent in 2022, according to our econometric models.

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Cyprus Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-14.90 -35.60 16.50 -35.60 2000 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-04-29 09:00 AM Feb 3.8% -1.6% -1%
2020-05-28 09:00 AM Mar -12.7% 3.8% -2.5%
2020-06-29 09:30 AM Apr -35.4% -11.1% -9.5%
2020-07-30 09:30 AM May -14.9% -35.6% -20%
2020-08-28 09:00 AM Jun -14.9% -6%
2020-09-29 09:00 AM Jul
2020-10-29 10:00 AM Aug
2020-11-27 10:00 AM Sep -4.5%


News Stream
Cyprus Industrial Production Contraction Eases in May
Industrial production in Cyprus dropped 14.9 percent from a year earlier in May 2020, following a record 35.6 percent plunge in the previous month, as the lockdown measures imposed to curb the coronavirus pandemic were gradually lifted. Manufacturing output fell 15.2 percent, after a 38.1 percent tumble in April with food products declining 13.6 percent (vs -25.2 percent in April). In addition, output declined for electiciry supply (-13.4 percent vs -20.6 percent), water supply and materials recovery (-15.8 percent vs -34.4 percent), and mining and quarrying (-13.6 percent vs -71.1 percent).
2020-07-30
Cyprus Industrial Output Drops at Record Pace
Industrial production in Cyprus tumbled 35.4 percent year-on-year in April of 2020, following a downwardly revised 11.1 percent fall in the previous month. It was the sharpest fall in industrial activity since series began in January of 2000, as output declined faster for manufacturing (-37.8 percent vs -11 percent in March); electricity supply (-20.6 percent vs -8 percent); water supply & materials recovery (-34.1 percent vs -26.9 percent) and mining & quarrying (-71.1 percent vs -16.9 percent). On a monthly basis, industrial production dropped 28.8 percent, after decreasing 12.5 percent in March.
2020-06-29
Cyprus Industrial Output Falls the Most Since 2013
Industrial production in Cyprus declined 12.7 percent year-on-year in March of 2020, down from a 3.8 percent rise in the previous month. It was the sharpest fall in industrial activity since November of 2013, as output dropped for manufacturing (-13.4 percent vs 4.5 percent in February); electricity supply (-8 percent vs 6.7 percent) and mining & quarrying (-11.2 percent vs 1.6 percent). In addition, water supply & materials recovery production went down faster (-25.1 percent vs -23.7 percent). On a monthly basis, industrial production slid 13 percent, following a 1.8 percent advance in February.
2020-05-28
Cyprus December Industrial Output Growth Quickens to 2.6%
Industrial production in Cyprus rose 2.6 percent year-on-year in December 2019, up from a downwardly revised 0.4 percent increase in the previous month. Mining output growth picked up sharply (19.7 percent from 8.9 percent in November) and manufacturing activity also continued to advance firmly (4.9 percent vs 1.6 percent). In contrast, output declined for water supply & materials recovery (-22.9 percent vs -12.8 percent) and electricity supply (-1.7 percent vs -2.6 percent). Considering the full year of 2019, industrial production increased 3.2 percent over a year ago.
2020-02-27

Cyprus Industrial Production
In Cyprus, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 72 percent of total production. The biggest segments within Manufacturing are: food products (32 percent of total production); other non-metallic mineral products (7 percent); basic pharmaceutical products and pharmaceutical preparations (6 percent); and fabricated metal products, except machinery and equipment (5 percent). Mining and quarrying, and electricity, gas, steam and air conditioning supply account for 20 percent of total output; and water supply, sewerage, waste management and remediation activities account for the remaining 8 percent.