Industry in Cyprus
Cyprus - Industry
Industrial output flatlines in June
Annual working day-adjusted industrial production was stagnant in June, following the 0.2% expansion logged in May. June’s moderation was largely driven by a large contraction in the mining and quarrying sector, and a slight decline in manufacturing output.
Meanwhile, the annual average growth in industrial production fell to 4.4% in June from to 5.4% in May.
FocusEconomics Consensus Forecast participants see fixed investment expanding 6.6% in 2019, down 1.3 percentage points from last month’s estimate. In 2020, fixed investment is expected to grow 8.0%.
Cyprus - Industry Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Industrial Production (annual variation in %) | -13.4 | 0.0 | 4.8 | 10.3 | 7.2 |
Cyprus Industry Chart
Source: National Statistical Service and FocusEconomics calculations.
Cyprus Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 1.10 | 0.65 % | Sep 04 |
| Stock Market | 69.9 | -0.44 % | Sep 04 |
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Economic News
Cyprus: Growth slows to near four-year low in Q2
September 6, 2019
Annual growth eased to 3.0% in the second quarter, according to detailed national accounts released on 6 September (Q1: +3.2% year-on-year).
Cyprus: Consumer prices, on an annual basis, decline for the third successive month in August
September 5, 2019
Consumer prices rose 0.3% from the previous month in August, contrasting July’s 1.3% month-on-month decline.
Cyprus: Industrial output flatlines in June
August 29, 2019
Annual working day-adjusted industrial production was stagnant in June, following the 0.2% expansion logged in May.
Cyprus: Growth softens to near four-year low in Q2
August 14, 2019
Annual growth moderated to 3.0% in the second quarter, marking the slowest pace since Q3 2015 (Q1 2019: +3.2% year-on-year).
Cyprus: Consumer prices, on an annual basis, fall again in July
August 5, 2019
Consumer prices declined 1.3% from the previous month in July, contrasting June’s 0.1% month-on-month increase.
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