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.

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Cyprus Industrial Production



Calendar GMT Actual Previous Consensus TEForecast
2022-12-29 10:00 AM Oct -1% -1.3% -1.3%
2023-01-30 11:00 AM Nov 1.9% -1.8%
2023-02-24 10:00 AM Dec 1.9% 0.9%


Related Last Previous Unit Reference
Industrial Production 1.90 -1.79 percent Nov 2022
Manufacturing Production 3.26 -1.66 percent Nov 2022
Changes in Inventories 0.20 101.50 EUR Million Sep 2022
Car Registrations 2211.00 2522.00 Units Dec 2022
Mining Production 8.49 9.94 percent Nov 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
1.90 -1.79 58.28 -35.27 2000 - 2022 percent Monthly

News Stream
Cyprus Industrial Output Rebounds in November
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%.
2023-01-30
Cyprus Industrial Output Falls for 4th Month
Industrial production in Cyprus fell by 1% year-on-year in October of 2022, following a downwardly revised 1.3% drop in the previous month. It was the fourth consecutive month of decline in the industrial activity, as output decreased in water supply & materials recovery (-7.2% vs 0.4% in September) and manufacturing (-1.3% vs -1.9%). On the other hand, production slowed for mining & quarrying (9.9% vs 15.1%), while rebounded for electricity supply (0.5% vs -0.6%). Considering the first ten months of the year, industrial activity advanced by 1.8%.
2022-12-29
Cyprus Industrial Output Rebounds in September
Industrial production in Cyprus rose by 1.1% year-on-year in September of 2022, after two consecutive months of decreases. Output grew for mining & quarrying (15.1% vs 15.6% in August), water supply and materials recovery (3.5% vs 2.6%) and manufacturing (1% vs 2.8%). On the other hand, electricity supply shrank (-0.6% vs -12.4%). Considering the first nine months of the year, industrial activity advanced by 2.5%.
2022-11-29