Industrial Production in Cyprus decreased 1.30 percent in September of 2021 over the same month in the previous year. source: Statistical Service of the Republic of Cyprus

Industrial Production in Cyprus averaged 0.59 percent from 2000 until 2021, reaching an all time high of 57.40 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 December of 2021.

Industrial Production in Cyprus is expected to be 1.20 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

Calendar GMT Actual Previous Consensus TEForecast
2021-10-27 09:30 AM Aug 8.6% 5.9% 4.9%
2021-11-29 10:30 AM Sep -1.3% 8.9% 7.2%
2021-12-30 10:40 AM Oct -1.3%

Related Last Previous Unit Reference
Industrial Production -1.30 8.90 percent Sep/21
Manufacturing Production 6.60 0.20 percent Oct/21
Changes in Inventories -383.00 -724.40 EUR Million Jun/21
Car Registrations 2646.00 3327.00 Oct/21
Mining Production 3.90 7.00 percent Oct/21

News Stream
Cyprus Industrial Output Growth at 3-Month High
Industrial production in Cyprus increased 8.6 percent year-on-year in August of 2021, accelerating from an upwardly revised 5.9 percent rise in the previous month. It was the highest gain in industrial output since May 2021, as production advanced faster for manufacturing (3.6 percent vs 1.8 percent in July); electricity supply (15.8 percent vs 14.5 percent); and water supply and materials recovery (46 percent vs 39.6 percent). Meanwhile, production declined significantly for mining and quarrying (-1.5 percent vs 10.8 percent). On a monthly basis, industrial production fell 23.5 percent compared to 11.3 percent rise in July.
Cyprus Industrial Output Grows Slows in July
Industrial production in Cyprus increased 5.6 percent year-on-year in July of 2021, slowing from an upwardly revised 6.9 percent rise in the previous month. It was the lowest gain in industrial output growth since February, as production slowed for manufacturing (1.4 percent vs 4.4 percent in June) and mining & quarrying (10.8 percent vs 11.7 percent). On the other hand, output grew faster for water, supply and materials recovery (39.6 percent vs 26.5 percent) and electricity supply (14.5 percent vs 14.1 percent).
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.

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.