Cyprus Industrial production April 2022

Cyprus

Cyprus: Industrial output records lowest growth since February 2021 in April

June 29, 2022

Industrial production expanded 0.6% year on year in April (March: +6.7% yoy). April's figure marked the worst reading since February 2021. April's deceleration was largely due to a slowdown in manufacturing output growth. In addition, electricity supply output lost steam.

Meanwhile, annual average industrial production growth fell to 4.9% in April (March: +8.1%). This signals a worsening trend in the industrial sector.


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Cyprus Industrial production Chart


Cyprus Industry April 2022

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


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