Industry in Cyprus
Cyprus - Industry
Sequential 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
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -13.4 | -0.1 | 3.4 | 8.7 | 9.7 |
Cyprus Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
Cyprus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.13 | 0.65 % | Aug 15 |
| Stock Market | 73.8 | -0.44 % | Aug 14 |
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