Latest reading: Industrial production increased 0.2% in annual terms in August, following a 2.6% rise in the prior month. Relative...
Industrial Production in Cyprus
The Cypriot economy recorded an average industrial production growth rate of 3.6% in the decade to 2024. In 2024, industrial production growth was 2.3%. For more industry information, visit our dedicated page.
Cyprus Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Cyprus from 2019 to 2024.
Source: Macrobond.
Cyprus Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -7.3 | 6.4 | 3.2 | 1.7 | 2.3 |
Industrial production accelerates in August
Latest reading: Industrial production increased 2.4% on a calendar-adjusted year-on-year basis in August, following a 1.6% rise in the previous month. Relative to the prior month's figures, readings in August improved for electricity, gas, steam and air conditioning supply (-1.9% in annual terms vs -8.0% in July) and mining and quarrying (+2.3% vs -1.9% in July). In contrast, the reading for manufacturing worsened in August (+3.6% vs +3.9% in July). In seasonally adjusted month-on-month terms, industrial production flatlined in August, following a 0.6% increase in the previous month.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Cypriot industry projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Cypriot industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Cypriot industry projections.
Want to get access to the full dataset of Cypriot industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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Qatar: Industrial production decelerates in August -
Taiwan: Industrial production accelerates in September Latest reading: Industrial production increased 15.5% on a year-on-year basis in September, following a 13.7% rise in the previous month.... -
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Belarus: Industrial production contracts again in September Latest reading: Industrial production fell 0.8% on a year-on-year basis in September, stable from the prior month’s reading. Relative to...