Cyprus Industry June 2019


Cyprus: Industrial output flatlines in June

August 29, 2019

Annual working day-adjusted industrial production was stagnant in June, following the 0.2% expansion logged in May. June’s moderation was largely driven by a large contraction in the mining and quarrying sector, and a slight decline in manufacturing output.

Meanwhile, the annual average growth in industrial production fell to 4.4% in June from to 5.4% in May.

FocusEconomics Consensus Forecast participants see fixed investment expanding 6.6% in 2019, down 1.3 percentage points from last month’s estimate. In 2020, fixed investment is expected to grow 8.0%.

Author:, Economist

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Cyprus Industry Chart

Cyprus Industry June 2019 0

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

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