Industry in Cyprus
Cyprus - Industry
A revised estimate shows that annual growth remained stable at 3.8% in Q4 2018, as solid private consumption and surging public spending offset a downturn in highly volatile fixed investment. Data for Q1 2019, meanwhile, suggests growth will moderate somewhat. Although the unemployment rate fell further in January and tourist numbers continued to grow solidly in January-February, both business and consumer confidence deteriorated on average in the first two months of 2019. In other news, a recent report from the European Commission warned that the banking sector’s balance sheets and stock of non-performing loans remain concerning, despite recent improvements, which leaves the sector vulnerable to economic or financial shocks.Cyprus - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -13.4 | -0.1 | 3.4 | 8.7 | 9.7 |
Cyprus Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
Cyprus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.13 | 0.65 % | Apr 12 |
| Stock Market | 70.2 | -0.44 % | Apr 12 |
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