Cyprus Industrial Output Growth Slows to 4-Month Low

Industrial production in Cyprus rose by 3.7% year-on-year in January 2026, following an upwardly revised 4.3% advance in the prior month. Output increases seen for electricity supply (18.6% vs -2.4% in December); water supply and materials recovery (6% vs 4.1%) and manufacturing (1.5% vs 5.6%) were partly offset by a sharper decline in mining and quarrying (-16.1% vs -1.7%).

Industrial production in Cyprus grew 3.5% year-on-year in December 2025, following a downwardly revised 7.7% increase in the previous month. This was the weakest growth since August. Manufacturing output slowed down (4.6% vs 8.7% in November), weighed down by declines in the manufacture of other non-metallic mineral products (-7.4% vs 77.8%) and in electronic, optical, and electrical equipment (-2.3% vs 3.0%). Growth in water supply and materials recovery also eased (3.2% vs 4.4%), while output in mining and quarrying (-1.7% vs 32.5%) and electricity supply (-2.4% vs -2.2%) dropped. For 2025 as a whole, industrial output was 3.6% higher compared with 2024.

Industrial production in Cyprus rose 8.5% year-on-year in November 2025, following an upwardly revised 4.0% gain in the previous month. This marked the strongest growth since May 2022, as output surged in the mining and quarrying sector (32.5% vs 6.2% in October) and in manufacturing (9.6% vs 4.8%), particularly in non-metallic mineral products, machinery and equipment, motor vehicles and other transport equipment, and furniture, other manufacturing and repairing and installation of machinery and equipment. At the same time, electricity supply fell at a slower pace (-0.9% vs -3.4%). On the other hand, activity moderated in water supply and materials recovery (4.7% vs 7.4%). Over the January to November 2025 period, industrial output was higher by 3.7% compared to the corresponding period of the previous year.