Industrial production in Cyprus increased by 1.7 percent year-on-year in October of 2021, following a revised 2.4 percent rise in the previous month. It was the eighth consecutive month of growth in industrial activity, although at the softest rate in the current sequence, as production slowed for manufacturing (2.4 percent vs 5.3 percent in September) and water supply (26 percent vs 32.2 percent). Additionally, output decreased for mining & quarrying (-2.2 percent vs 7 percent) and electricity supply (-4.8 percent vs -10.5 percent). source: Statistical Service of the Republic of Cyprus
Industrial Production in Cyprus averaged 0.54 percent from 2000 until 2021, reaching an all time high of 57.40 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 January 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 2022 and 0.80 percent in 2023, according to our econometric models.