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Cyprus Industrial production November 2023

Cyprus: Industrial output growth rises in November

Industrial output increased 4.0% year on year in calendar-adjusted terms in November, which was above October’s 2.6% increase. November’s improvement was largely driven by upturns in manufacturing and electricity, gas, steam and air conditioning supply production.

Meanwhile, annual average industrial output growth rose to 1.9% in November (October: +1.7%), which marked an over one-year high. On a monthly basis, factory output increased 1.8% in seasonally adjusted terms in November, rebounding from October’s 1.0% fall and marking the best result since April.

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