Industry in Cyprus

Cyprus Industry | Economic News & Forecasts

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

2014   2015   2016   2017   2018  
Industrial Production (annual variation in %)0.0  4.8  10.3  7.2  6.6  

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Cyprus Industry Chart

Cyprus Industry
Note: Annual variation of industrial production in %.
Source: National Statistical Service and FocusEconomics calculations.

Cyprus Facts

Value Change Date
Exchange Rate1.120.65 %Dec 31

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