Industry in Cyprus
Cyprus - Industry
Industrial output cools in November
Industrial production rose 0.9% year-on-year in November 2019, halving from October’s 1.8% increase. November’s slowdown was mainly driven by a sharper contraction of the electricity and water supply sectors, and easing manufacturing output compared to the previous month.
Meanwhile, the annual average growth in industrial production fell to 3.3% in November from 3.9% in October.
FocusEconomics Consensus Forecast participants see fixed investment expanding 7.8% in 2020, which is down 0.1 percentage points from last month’s estimate, and 3.9% in 2021.
Cyprus - Industry Data
| 2014 | 2015 | 2016 | 2017 | 2018 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 0.0 | 4.8 | 10.3 | 7.2 | 6.6 |
Cyprus Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
Cyprus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
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Cyprus: Industrial output cools in November
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Industrial production rose 0.9% year-on-year in November 2019, halving from October’s 1.8% increase.
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Consumer prices fell 0.2% from the previous month in December, contrasting November’s 0.3% month-on-month increase.
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