Industrial production in Cyprus jumped 1.9% year-on-year in January of 2023, from an upwardly revised 1.8% drop in the previous month. It was the first monthly gain in the country's factory activity after four consecutive months of decline as production significantly grew for manufacturing (3.3% vs -1.7% in October). On the other hand, output slowed for mining & quarrying (8.5% vs 9.9%), while shrank for electricity supply (-4.3% vs -1.6%) and water supply & materials recovery (-5.1% vs -9.4%). Considering the first eleven months of the year, industrial activity rose by 1.7%. source: Statistical Service of the Republic of Cyprus
Industrial Production in Cyprus averaged 0.74 percent from 2000 until 2022, reaching an all time high of 58.28 percent in April of 2021 and a record low of -35.27 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 February of 2023.
Industrial Production in Cyprus is expected to be 0.85 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.