Latest reading: Industrial output increased 4.9% year on year in calendar-adjusted terms in April, which was above March’s 1.8% increase....
Industrial Production in Cyprus
In the year 2024, the industrial production in Cyprus was 2.27%, compared to -0.47% in 2014 and 1.66% in 2023. It averaged 3.64% over the last decade. 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 output growth speeds up in April
Latest reading: Industrial output increased 4.9% year on year in calendar-adjusted terms in April, which was above March's 1.8% increase. The pickup was largely driven by faster growth in manufacturing production. In addition, electricity, gas, steam and air conditioning supply production gained steam. Meanwhile, the trend improved modestly, with the annual average growth of industrial production coming in at 2.7%, up from March's 2.6% reading. On a monthly basis, factory output increased 0.9% in seasonally adjusted terms in April, rebounding from March’s 1.3% fall.
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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Cyprus: Industrial output growth speeds up in April -
Sweden: Industrial output rebounds sharply in April Latest reading: Industrial output—excluding energy—recovered following three consecutive monthly declines in April, expanding 3.3% month on month in seasonally and... -
Argentina: Industrial output growth rises in April Latest reading: Industrial output expanded 8.5% compared to the same month of the previous year in April, which was above... -
France: Industrial activity drops at sharpest pace since May 2024 in April Latest reading: Industrial output fell 1.4% in month-on-month seasonally adjusted terms in April, which contrasted March’s 0.1% increase. April’s result... -
Austria: Industrial output growth gains momentum in April Latest reading: Industrial production expanded 2.0% month on month in seasonally adjusted terms in April (March: +0.6% mom s.a.). April’s... -
Bulgaria: Industrial downturn sharpens in April Latest reading: Industrial production nosedived 13.4% year on year in April (March: -9.9% yoy). The figure marked the worst reading... -
Malaysia: Industrial output growth loses pace in April Latest reading: Industrial output increased 2.7% compared to the same month a year earlier in April, which was a deterioration...