Cyprus Industrial Output Tumbles in February

Industrial production in Cyprus fell by 2.4% year-on-year in February 2026, reversing a downwardly revised 2.7% increase in the previous month. This marked the first contraction in industrial activity since November 2024. The decline was mainly driven by a sharp drop in electricity supply (-12.7% vs 18.6% in January) and manufacturing (-1.2% vs 0.5%), while mining and quarrying eased (-2.1% vs -16.1%). In contrast, output accelerated for water supply and materials recovery (4.7% vs 4.1%), water collection, treatment and supply (8.3% vs 7.0%), and materials recovery (0.3% vs -0.1%). For the January-February 2026 period, industrial output was higher by 0.1% compared with the same period a year earlier.

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.