Industrial Production in Cyprus increased 2 percent in June of 2022 over the same month in the previous year. source: Statistical Service of the Republic of Cyprus

Industrial Production in Cyprus averaged 0.67 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 September of 2022.

Industrial Production in Cyprus is expected to be 1.50 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.

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Cyprus Industrial Production

Calendar GMT Actual Previous Consensus TEForecast
2022-07-28 09:30 AM May 5.3% 2.2% 2%
2022-08-30 09:00 AM Jun 2% 5.3%
2022-09-29 09:50 AM Jul 2% 1.5%

Related Last Previous Unit Reference
Industrial Production 2.00 5.30 percent Jun 2022
Manufacturing Production 2.42 6.30 percent Jun 2022
Changes in Inventories 29.90 520.20 EUR Million Jun 2022
Car Registrations 2484.00 2988.00 Aug 2022
Mining Production -5.26 13.90 percent Jun 2022

Cyprus Industrial Production
In Cyprus, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 72 percent of total production. The biggest segments within Manufacturing are: food products (32 percent of total production); other non-metallic mineral products (7 percent); basic pharmaceutical products and pharmaceutical preparations (6 percent); and fabricated metal products, except machinery and equipment (5 percent). Mining and quarrying, and electricity, gas, steam and air conditioning supply account for 20 percent of total output; and water supply, sewerage, waste management and remediation activities account for the remaining 8 percent.
Actual Previous Highest Lowest Dates Unit Frequency
2.00 5.30 58.30 -36.10 2000 - 2022 percent Monthly

News Stream
Cyprus Industrial Output Growth Picks Up to 5.3% in May
Industrial production in Cyprus rose 5.3 percent year-on-year in May of 2022, accelerating from an upwardly revised 2.2 percent increase in the previous month. Output advanced faster for manufacturing (6.3 percent vs 1.8 percent in May) and rebounded for mining & quarrying (13.9 percent vs -13.1 percent). Meanwhile, production slowed for water supply and materials recovery (12.8 percent vs 20.8 percent) and it fell for electricity supply (-1.4 percent vs 2.9 percent). Considering the first five months of the year, industrial activity advanced 4.5 percent.
Cyprus Industrial Output Growth at Over 2-Year Low
Industrial production in Cyprus went up by 0.6 percent year-on-year in April of 2022, following a downwardly revised 6.7 percent rise in the previous month. It was the smallest increase in industrial activity since a contraction observed in February of 2021 (-5.4%). Output plunged for mining (-13.1 percent vs -7.8 percent in March) while growth decelerated markedly for manufacturing (0.2 percent vs 1.8 percent in March) and electricity supply (1 percent vs 27.5 percent). Conversely, activity remained robust for water supply and materials recovery (19.7 percent vs 19.7 percent).
Cyprus Industrial Output Growth at 7-Month High
Industrial production in Cyprus advanced 6.9 percent year-on-year in March of 2022, following an upwardly revised 3.7 percent rise in the previous month. It was the highest gain in industrial output since August last year, boosted by increased production in manufacturing (2.2 percent vs 1.2 percent in February); and electricity supply (27.5 percent vs 12.6 percent). Meanwhile, production slowed for water supply and materials recovery (19.5 percent vs 22.6 percent ) while continued to decline for mining and quarrying (-7.8 percent vs -3.1 percent ). Considering the January-March period of 2022, production rose 5.2 percent on year.