Industry in Cyprus
Cyprus - Industry
Industrial production falls at sharpest rate in over six years in March
Industrial output plummeted 12.7% year-on-year in March (February: +3.8% yoy), marking the steepest drop since November 2013. March's plunge was primarily driven by heavy drops in manufacturing and water supply production.
Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 1.1% in March, down from February's 2.2%.
FocusEconomics Consensus Forecast participants see fixed investment plunging 12.5% in 2020, which is up 3.8 percentage points from last month’s estimate, and growing 10.5% in 2021.
Cyprus - Industry Data
|Industrial Production (annual variation in %)||4.8||10.3||7.7||6.6||3.2|
5 years of economic forecasts for more than 30 economic indicators.
Cyprus Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
|Exchange Rate||1.12||0.65 %||Dec 31|
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December 1, 2022
GDP growth waned to 5.5% year on year in the third quarter, from 5.9% in the second quarter.
November 29, 2022
Industrial output grew 1.1% year on year in September (August: -1.9% yoy).
November 17, 2022
Harmonized inflation eased to 8.6% in October from September’s 9.0%.
November 15, 2022
According to a preliminary reading, GDP growth lost steam, falling to 5.5% year on year in the third quarter, from 5.9% in the second quarter.
October 28, 2022
Industrial output slid 1.7% compared to the same month of the previous year in August, which was a larger contraction than July's 0.5% decrease.