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
| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | 4.8 | 10.3 | 7.7 | 6.6 | 3.2 |
Cyprus Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
Cyprus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.12 | 0.65 % | Dec 31 |
Sample Report
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Economic News
-
Cyprus: Industrial output growth drops to 10-month low in February
April 28, 2022
Industrial output expanded 3.4% year-on-year in February (January: +4.7% yoy).
-
Cyprus: Inflation comes in at highest level since August 1992 in March
April 7, 2022
Consumer prices increased 1.83% in March over the previous month, picking up from February's 1.21% rise.
-
Cyprus: Economic growth gains steam in Q4
March 4, 2022
A second reading of national accounts data revealed that GDP growth accelerated in the fourth quarter, rising to 6.4% year-on-year from 5.3% in the third quarter. Private consumption increased 6.4% in the fourth quarter, which was above the third quarter's 3.1% expansion.
-
Cyprus: Industrial output growth picks gains momentum in December
February 25, 2022
Industrial output grew 4.7% year-on-year in December, slightly up from the 4.4% clocked in November.
-
Cyprus: Inflation continues to rise in February
February 23, 2022
Consumer prices rose 1.21% from the previous month in February, which contrasted the 0.50% drop seen in January.
© Copyright: 2022. | Cyprus Industry | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed
