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.
Industrial Production in Cyprus averaged 0.59 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. 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 March of 2020.
Industrial Production in Cyprus is expected to be 2.50 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 1.70 in 12 months time. In the long-term, the Cyprus Industrial Production is projected to trend around 0.80 percent in 2021, according to our econometric models.