Industrial production in Cyprus slumped by 2.7% year-on-year in March 2023, following a 0.6% growth in the previous month, mainly due to a sharp decline in output for electricity supply (-28.9% vs 0.2% in February). On the other hand, production rose for manufacturing (4% vs 0.9%), while those of rebounded for mining & quarrying (15.8% vs -2.6%) and water supply (1.4% vs -2.5%). source: Statistical Service of the Republic of Cyprus
Industrial Production in Cyprus averaged 0.73 percent from 2000 until 2023, reaching an all time high of 58.28 percent in April of 2021 and a record low of -36.36 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 June of 2023.
Industrial Production in Cyprus is expected to be 1.60 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 3.20 percent in 2024 and 2.00 percent in 2025, according to our econometric models.