Cyprus Industrial Output Falls in August

Cyprus’ industrial production declined 1.3% year-on-year in August 2026, reversing a 1.5% increase in July. The decline was driven by weaker manufacturing output (-2.5% vs. 1.5% in July), particularly in machinery, motor vehicles and other transport equipment (-12.8% vs. -6.8%), refined petroleum, chemicals and pharmaceutical products (-7.1% vs. -2.9%), and other non-metallic mineral products (-4.8% vs. 6.0%). Growth in water supply and materials recovery slowed to 5.7% from 8.2%. In contrast, mining and quarrying output rose 11.0%, accelerating from 6.0% in July, while electricity supply edged up 0.1% after falling 1.1%. For the January-August period, industrial production increased 1.2% compared with the same period a year earlier.

Cyprus’ industrial production increased 1.5% year-on-year in July 2026, from an upwardly revised 1.4% increase in June. The overall growth was supported by stronger activity in water supply and materials recovery (8.2% vs. 2.8% in June). Meanwhile, growth in mining and quarrying eased (6.0% vs. 11.4%), while manufacturing slowed (1.5% vs. 2.0%), mainly due to weaker growth in wood products (5.1% vs. 7.3%), rubber and plastic products (2.0% vs. 4.9%), and basic metals and fabricated metal products (3.7% vs. 4.9%). Electricity supply remained in contraction, although the decline narrowed (-1.1% vs. -4.0%). For the January-July period, industrial output grew 1.6% compared with the corresponding period of the previous year.

Industrial production in Cyprus edged up 0.3% year-on-year in June 2026, unchanged from the previous month and remaining at its lowest level since February. Manufacturing output rose 0.6% (vs 0.5% in May), driven particularly by wood and cork products, except furniture (2.3% vs 1.2%), rubber and plastic products (4.7% vs -2.4%), basic metals and fabricated metal products (2.3% vs 1.1%), and non-metallic mineral products (7.5% vs 4.9%). Meanwhile, growth accelerated in water supply and materials recovery (1.5% vs -3.9%), as well as water collection, treatment and supply (14.2% vs 10.2%). Electricity supply fell 4% after stagnating in the previous month, while the decline in materials recovery eased (-15.1% vs -20.7%). In January-June, industrial output grew 1.2% compared with the corresponding period of the previous year.