Cyprus Industrial production July 2021

Cyprus

Cyprus: Industrial output records slowest expansion since February in July

September 29, 2021

Industrial output rose 5.6% compared to the same month of the previous year in July, which was a deterioration from June's 6.9% increase. The result marked the worst reading since February. July's slowdown was largely driven by a deterioration in manufacturing production.

Meanwhile, the trend improved, with the annual average growth of industrial production coming in at plus 4.0% in July, up from June's 2.9% reading.

FocusEconomics Consensus Forecast participants see fixed investment increasing 5.0% in 2021, which is down 0.6 percentage points from last month’s estimate. For 2022 our panel sees fixed investment growing 0.9%, which is down 0.2 percentage points from last month’s forecast.


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Cyprus Industrial production Chart


Cyprus Industry July 2021

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


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