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.

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Cyprus Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2023-04-27 09:30 AM Feb 0.6% -0.9% -0.7%
2023-05-30 09:00 AM Mar -2.7% 0.6% -1.2%
2023-06-29 10:00 AM Apr -2.7%


Related Last Previous Unit Reference
Industrial Production -2.70 0.56 percent Mar 2023
Manufacturing Production 4.04 1.22 percent Mar 2023
Changes in Inventories 63.50 143.00 EUR Million Mar 2023
Car Registrations 2987.00 4270.00 Units Apr 2023
Mining Production 15.76 -2.58 percent Mar 2023

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
-2.70 0.56 58.28 -36.36 2000 - 2023 percent Monthly

News Stream
Cyprus Industrial Production Falls Sharply in March
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%).
2023-05-30
Cyprus Industrial Production Rebounds in February
Industrial production in Cyprus rose 0.6% year-on-year in February 2023, reversing a 0.9% drop in the previous month, mainly due to the increase in output for electricity supply (0.2% vs -16.9% in January). Meanwhile, production eased for manufacturing (0.9% vs 5%), while it declined for mining & quarrying (-2.6% vs 26.3%) and water supply (-2.5% vs -13.9% ).
2023-04-27
Cyprus Industrial Output Falls for 2nd Month
Industrial production in Cyprus fell 0.9% year-on-year in January 2023, following a downwardly revised 2.1% drop in the previous month. It was the second consecutive month of decline in industrial activity, due to the decrease in output for electricity supply (-16.9% vs -16.1% in December 2022) and water supply (-13.9% vs -14.6%). Meanwhile, production accelerated for mining and quarrying (26.3% vs 9.6%) and manufacturing (5% vs 2%).
2023-03-30