Industry in Cyprus

Cyprus Industry | Economic News & Forecasts

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

2015   2016   2017   2018   2019  
Industrial Production (annual variation in %)4.8  10.3  7.7  6.6  3.2  

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Cyprus Industry Chart

Cyprus Industry
Note: Annual variation of industrial production in %.
Source: National Statistical Service and FocusEconomics calculations.

Cyprus Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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