Industrial production in Cyprus advanced 3.4 percent year-on-year in February of 2022, following a downwardly revised 4.7 percent rise in the previous month. It was the twelfth consecutive month of growth in the industrial sector, mainly driven by output in water supply & materials recovery (22.6 percent vs 34.9 percent in January) and electricity supply (12.6 percent vs 20.3 percent), and a rebound in manufacturing production (0.8 percent vs -0.7 percent). On the other hand, mining activity contracted further (-3.1 percent vs -11.1 percent). On a monthly basis, industrial production edged up 0.8 percent in February, after falling 7.9 percent in January. source: Statistical Service of the Republic of Cyprus
Industrial Production in Cyprus averaged 0.63 percent from 2000 until 2022, reaching an all time high of 58.30 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 May of 2022.
Industrial Production in Cyprus is expected to be 1.20 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 2023 and 0.80 percent in 2024, according to our econometric models.