Industry in Cyprus
Cyprus - Industry
Industrial output flatlines in June
Annual working day-adjusted industrial production was stagnant in June, following the 0.2% expansion logged in May. June’s moderation was largely driven by a large contraction in the mining and quarrying sector, and a slight decline in manufacturing output.
Meanwhile, the annual average growth in industrial production fell to 4.4% in June from to 5.4% in May.
FocusEconomics Consensus Forecast participants see fixed investment expanding 6.6% in 2019, down 1.3 percentage points from last month’s estimate. In 2020, fixed investment is expected to grow 8.0%.
Cyprus - Industry Data
|Industrial Production (annual variation in %)||-13.4||0.0||4.8||10.3||7.2|
5 years of economic forecasts for more than 30 economic indicators.
Cyprus Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
|Exchange Rate||1.10||0.65 %||Sep 04|
|Stock Market||69.9||-0.44 %||Sep 04|
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September 6, 2019
Annual growth eased to 3.0% in the second quarter, according to detailed national accounts released on 6 September (Q1: +3.2% year-on-year).
September 5, 2019
Consumer prices rose 0.3% from the previous month in August, contrasting July’s 1.3% month-on-month decline.
August 29, 2019
Annual working day-adjusted industrial production was stagnant in June, following the 0.2% expansion logged in May.
August 14, 2019
Annual growth moderated to 3.0% in the second quarter, marking the slowest pace since Q3 2015 (Q1 2019: +3.2% year-on-year).
August 5, 2019
Consumer prices declined 1.3% from the previous month in July, contrasting June’s 0.1% month-on-month increase.