Industry in Cyprus

Cyprus Industry | Economic News & Forecasts

Cyprus - Industry

A revised estimate shows that annual growth remained stable at 3.8% in Q4 2018, as solid private consumption and surging public spending offset a downturn in highly volatile fixed investment. Data for Q1 2019, meanwhile, suggests growth will moderate somewhat. Although the unemployment rate fell further in January and tourist numbers continued to grow solidly in January-February, both business and consumer confidence deteriorated on average in the first two months of 2019. In other news, a recent report from the European Commission warned that the banking sector’s balance sheets and stock of non-performing loans remain concerning, despite recent improvements, which leaves the sector vulnerable to economic or financial shocks.

Cyprus - Industry Data

2013  2014  2015  2016  2017  
Industrial Production (annual variation in %)-13.4  -0.1  3.4  8.7  9.7  

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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

ValueChangeDate
Exchange Rate1.130.65 %Apr 12
Stock Market70.2-0.44 %Apr 12

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