Cyprus Industrial production June 2022

Cyprus

Cyprus: Industrial output records slowest growth since November 2021 in June

August 30, 2022

Industrial production expanded 2.0% year on year in June (May: +5.6% yoy). June's result marked the worst reading since November 2021. The figure was largely due to a deterioration in manufacturing output growth. In contrast, electricity production rebounded.

Meanwhile, annual average industrial production growth fell to 4.0% in June (May: +4.5%), signaling a worsening trend in the industrial sector.


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Cyprus Industrial production Chart


Cyprus Industry June 2022

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


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