Industrial production in Cyprus rose 5.5 percent year-on-year in February 2019, following a 7.5 percent gain in the previous month. Output growth slowed for manufacturing (5 percent compared to 6.9 percent in January); mining & quarrying (1.9 percent compared to 3.8 percent) and electricity supply (9 percent compared to 11 percent). On the other hand, production of water supply and materials declined (-3.7 percent compared to 0.1 percent). Industrial Production in Cyprus averaged 0.53 percent from 2000 until 2019, reaching an all time high of 16.50 percent in April of 2002 and a record low of -18.70 percent in December of 2012.
Industrial Production in Cyprus is expected to be 5.20 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 5.50 in 12 months time. In the long-term, the Cyprus Industrial Production is projected to trend around 6.00 percent in 2020, according to our econometric models.