Industrial production in Cyprus increased 4.6 percent year-on-year in June of 2021, easing from an upwardly revised 12 percent rise in the previous month. It is the lowest gain in the current sequence of rising production that started 4 months ago. Production slowed significantly for manufacturing (1.5 percent vs 12.9 percent) and slightly for mining and quarrying (11.7 percent vs 12.4 percent) sector. Meanwhile, output rate increased for water supply and materials recovery (21.5 percent vs 12.5 percent) and electricity supply (14.1 percent vs 8 percent). On a monthly basis, industrial production rose by 5.5 percent following a 4.3 percent increase in the previous month. source: Statistical Service of the Republic of Cyprus

Industrial Production in Cyprus averaged 0.44 percent from 2000 until 2021, reaching an all time high of 56 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 2021.

Industrial Production in Cyprus is expected to be 3.20 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.

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Cyprus Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
4.60 12.00 56.00 -36.10 2000 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-05-28 09:00 AM Mar 8.3% -8.1% 4.2%
2021-06-29 09:30 AM Apr 55.9% 10.8% 27%
2021-07-30 09:30 AM May 11.8% 56% 6%
2021-08-30 09:00 AM Jun 4.6% 12% 6%
2021-09-29 09:00 AM Jul 4.6% 3.8%
2021-10-27 10:00 AM Aug
2021-11-29 10:00 AM Sep
2021-12-30 10:00 AM Oct


News Stream
Cyprus Industrial Production Slows Further In June
Industrial production in Cyprus increased 4.6 percent year-on-year in June of 2021, easing from an upwardly revised 12 percent rise in the previous month. It is the lowest gain in the current sequence of rising production that started 4 months ago. Production slowed significantly for manufacturing (1.5 percent vs 12.9 percent) and slightly for mining and quarrying (11.7 percent vs 12.4 percent) sector. Meanwhile, output rate increased for water supply and materials recovery (21.5 percent vs 12.5 percent) and electricity supply (14.1 percent vs 8 percent). On a monthly basis, industrial production rose by 5.5 percent following a 4.3 percent increase in the previous month.
2021-08-30
Cyprus Industrial Output Grows Slows in May
Industrial production in Cyprus increased 11.8 percent year-on-year in in May of 2021, slowing from an upwardly revised 56.0 percent jump in the prior month which was the highest increase ever. Industrial output growth slowed significantly in all sectors: mining & quarrying (12.4 percent vs 317.8 percent in April); manufacturing (12.6 percent vs 66.2 percent); water supply & materials recovery (13.1 percent vs 28.9 percent); and electricity supply (8.0 percent vs 14.7 percent).
2021-07-30
Cyprus Industrial Output Grows at Record Pace
Industrial production in Cyprus climbed 55.9 percent year-on-year in April of 2021, after an upwardly revised 10.8 percent jump in the previous month. It was the strongest rise in industrial activity since available records began in January of 2000, benefiting from low base effects associated with the Covid-19 crisis and amid the recent easing of restrictive measures. As such, output increased solidly in all sectors: mining and quarrying (317.8 percent vs 48.2 percent in March); manufacturing (66.2 percent vs 12.3 percent); water supply and materials recovery (26 percent vs 6.1 percent); and electricity supply (14.7 percent vs 2.7 percent).
2021-06-29
Cyprus Industrial Production Rises the Most in Near 3 Years
Industrial production in Cyprus increased 8.3 percent year-on-year in March of 2021, rebounding from an upwardly revised 8.1 percent drop in the previous month. It was the highest Industrial output growth since June of 2018, due to low base effects from last year when the coronavirus pandemic hit the economy hard and amid progress in the vaccination campaign that began in January 2021 . Production increased significantly in all sectors: mining and quarrying (48.2 percent vs 2.2 percent); manufacturing (9.2 percent vs -6.7 percent in February); water supply and materials (1.8 percent vs -2.7 percent); and electricity supply (2.7 percent vs -15.2 percent).
2021-05-28

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.