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Cyprus Industry February 2019

Cyprus: Industrial output growth eases in February

According to Statistics Cyprus, annual working day-adjusted industrial production growth slowed from 7.5% in January to 5.5% in February. February’s print reflected softer yet still solid growth in the manufacturing and electricity supply sectors, and a downturn in the water supply sector. Within the manufacturing sector, the strongest increases were recorded in the production of other non-metallic mineral products, and of manufacture of machinery and equipment, motor vehicles and other transport equipment.

Meanwhile, the annual average growth in industrial production inched up from 7.2% in January to 7.3% in February.

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