Cyprus Industrial production March 2022

Cyprus

Cyprus: Industrial output expands at quickest pace since August 2021 in March

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. March's reading marked the strongest rise since August 2021. The notable pickup was largely driven by faster growth in manufacturing production. In addition, electricity supply output gained steam.

Meanwhile, annual average industrial production growth fell to 8.2% in March (February: +8.6%).


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Cyprus Industrial production Chart


Cyprus Industry March 2022

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


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