Cyprus Industrial production December 2021


Cyprus: Industrial output growth picks gains momentum in December

February 25, 2022

Industrial output grew 4.7% year-on-year in December, slightly up from the 4.4% clocked in November. December's upturn came on the back of an improvement in electricity and water supply production. Contrastingly, mining and manufacturing slowed down considerably.

Meanwhile, the trend improved modestly, with the annual average growth of industrial production coming in at 9.3% in December, up from November's 9.2%.

FocusEconomics Consensus Forecast participants see fixed investment increasing 4.1% in 2022, which is unchanged from last month’s estimate. For 2023 our panel sees fixed investment growing 3.5%.


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Cyprus Industrial production Chart

Cyprus Industry December 2021

Note: Year-on-year changes and annual average variation of industrial production in %.
Source: Statistics Cyprus and FocusEconomics calculations.

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