Industry in Cyprus
Cyprus - IndustrySequential data points to a continuation of robust economic activity in Q2 following a stellar Q1, which saw the economy expand at one of the fastest rates in a decade. Industrial production growth more than doubled Q1’s average pace in April on the back of soaring output of pharmaceutical and chemical products. Moreover, retail sales rose at a solid clip in the same month, underpinned by upbeat consumer confidence and an improving labor market—the unemployment rate dipped to a near seven-year low in April–May. On the external front, goods exports surged in April and May, contributing to a significant reduction of the trade deficit in January–May.
Cyprus - Industry Data
|Industrial Production (annual variation in %)||-13.4||-0.1||3.4||8.7||9.7|
5 years of economic forecasts for more than 30 economic indicators.
Cyprus Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
|Exchange Rate||1.13||0.65 %||Aug 15|
|Stock Market||73.8||-0.44 %||Aug 14|
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