Cyprus Industrial Output Growth Eases Further in May

Industrial production in Cyprus inched up 0.5% year-on-year in May 2026, slowing from an upwardly revised 1.9% increase in the previous month. The deceleration reflected weaker activity across mining and quarrying (0.5% vs 4.5% in April), manufacturing (0.8% vs 0.9%), mainly due to slower output of basic metals and fabricated metal products, electricity supply (0.0% vs 8.3%), and water collection, treatment and supply (10.1% vs 15.2%). Meanwhile, water supply reversed into contraction (-3.4% vs 4.3%), while materials recovery remained in decline, with output falling at a steeper pace (-19.6% vs -9.1%). For the January-May period, industrial output grew 1.5% compared with the corresponding period of the previous year.

Industrial production in Cyprus increased by 1.4% year-on-year in April 2026, slowing from an upwardly revised 4.9% increase in the previous month. This marked the lowest increase since October 2024. The moderation was driven by slower growth in mining and quarrying (4.5% vs 9.2% in March), manufacturing (0.6% vs 3.1%), and electricity supply (6.9% vs 19.0%). Meanwhile, water collection, treatment and supply accelerated (15.4% vs 13.9%), while water supply and materials recovery edged higher (4.4% vs 4.1%). Separately, materials recovery remained in contraction, with output falling at a steeper pace (-9.1% vs -7.1%). For the January-April period, industrial output grew 1.6% compared to the corresponding period of the previous year.

Industrial production in Cyprus grew by 4.7% year-on-year in March 2026, reversing a 2.9% decline in the previous month. The rebound was mainly driven by a sharp increase in electricity supply (19.0% vs -13.0% in February), mining and quarrying (9.2% vs -2.1 %), and manufacturing (2.8% vs -1.7%), particularly the manufacture of food, beverages and tobacco products (3.5% vs -3.9%), rubber and plastic products (7.1% vs 1.9%), and other non-metallic mineral products (4.5% vs -4.2%). Meanwhile, output growth eased for water supply and materials recovery (3.9% vs 5.2%). In the first quarter of 2026, industrial output increased 1.5% compared to the corresponding period of the previous year.