Industry in Cyprus

Cyprus Industry | Economic News & Forecasts

Cyprus - Industry

Preliminary GDP data revealed the economy lost some steam in Q3, with annual growth edging down to a still-solid 3.6% from 3.9% in the first half of the year. The third-quarter expansion was fueled by a vibrant hotels and restaurants industry, which benefited from the record number of tourist arrivals during the summer months, primarily from the UK and Russia. On the expenditure front, private consumption seems to have cooled somewhat in Q3, as suggested by weaker retail sales growth in July–August and households turning strongly pessimistic in the quarter, likely weighing on the headline figure.

Cyprus - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-13.4  -0.1  3.4  8.7  9.7  

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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

ValueChangeDate
Exchange Rate1.140.65 %Nov 29
Stock Market65.5-0.44 %Nov 29

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