Industrial production in Cyprus fell 3.5 percent year-on-year in September of 2020, following an 8.8 percent drop in the previous month. It was the seventh consecutive decline in the industrial activity, still the smallest in the current sequence, amid the ongoing easing of coronavirus lockdown restrictions. Output decreased less in manufacturing (-5 percent vs -8.3 percent), mining & quarrying (-6.4 percent vs -8 percent), and water supply & materials recovery (-27.6 percent vs -31.2 percent). Also, electricity supply production rebounded (6.4 percent vs -6.7 percent). source: Statistical Service of the Republic of Cyprus
Industrial Production in Cyprus averaged 0.22 percent from 2000 until 2020, reaching an all time high of 16.50 percent in April of 2002 and a record low of -35.80 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 November of 2020.
Industrial Production in Cyprus is expected to be -3.00 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.