Industry in Cyprus
Cyprus - Industry
Industrial output cools in November
Industrial production rose 0.9% year-on-year in November 2019, halving from October’s 1.8% increase. November’s slowdown was mainly driven by a sharper contraction of the electricity and water supply sectors, and easing manufacturing output compared to the previous month.
Meanwhile, the annual average growth in industrial production fell to 3.3% in November from 3.9% in October.
FocusEconomics Consensus Forecast participants see fixed investment expanding 7.8% in 2020, which is down 0.1 percentage points from last month’s estimate, and 3.9% in 2021.
Cyprus - Industry Data
|Industrial Production (annual variation in %)||0.0||4.8||10.3||7.2||6.6|
5 years of economic forecasts for more than 30 economic indicators.
Cyprus Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
|Exchange Rate||1.12||0.65 %||Dec 31|
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February 14, 2020
Annual growth ebbed to 3.2% in the fourth quarter of 2019 from 3.5% in the previous quarter.
February 6, 2020
Consumer prices fell 0.6% from the previous month in January, following December’s 0.2% month-on-month dip.
January 30, 2020
Industrial production rose 0.9% year-on-year in November 2019, halving from October’s 1.8% increase.
Cyprus: Consumer prices, on an annual basis, return to growth after six consecutive months of decline in December
January 3, 2020
Consumer prices fell 0.2% from the previous month in December, contrasting November’s 0.3% month-on-month increase.
December 30, 2019
Industrial production rose 1.8% year-on-year in October, down from September’s revised 6.1% jump (previously reported: +5.0% year-on-year) which had marked best result in seven months.