Industry in Cyprus
Cyprus - Industry
Industrial production falls at sharpest rate in over six years in March
Industrial output plummeted 12.7% year-on-year in March (February: +3.8% yoy), marking the steepest drop since November 2013. March's plunge was primarily driven by heavy drops in manufacturing and water supply production.
Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 1.1% in March, down from February's 2.2%.
FocusEconomics Consensus Forecast participants see fixed investment plunging 12.5% in 2020, which is up 3.8 percentage points from last month’s estimate, and growing 10.5% in 2021.
Cyprus - Industry Data
|Industrial Production (annual variation in %)||4.8||10.3||7.7||6.6||3.2|
5 years of economic forecasts for more than 30 economic indicators.
Cyprus Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
|Exchange Rate||1.12||0.65 %||Dec 31|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
June 17, 2022
Consumer prices rose 0.92% from the previous month in May, which was below April's 2.39% rise.
June 1, 2022
Activity softened in the first quarter, with GDP expanding 5.9% year-on-year (Q4 2021: +6.4 yoy), chiefly driven by a dwindling base effect.
May 30, 2022
Industrial output rose 6.9% compared to the same month of the previous year in March, which was above February's 3.7% increase.
May 18, 2022
Consumer prices increased 2.39% in April over the previous month, accelerating from the 1.83% rise seen in March.
May 17, 2022
According to a preliminary estimate, GDP growth slowed to 5.8% year-on-year in the first quarter, from 6.4% in the fourth quarter of last year, mainly due to a dwindling base effect.