Latest reading: Manufacturing output flatlined month on month in seasonally adjusted terms in June, which followed May’s 2.2% increase. Looking...
Industrial Production in Cyprus
The Cypriot economy recorded an average industrial production growth rate of 3.6% in the decade to 2024. In 2024, industrial production growth was 2.3%. For more industry information, visit our dedicated page.
Cyprus Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Cyprus from 2019 to 2024.
Source: Macrobond.
Cyprus Industry Data
| 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | -7.3 | 6.4 | 3.2 | 1.7 | 2.3 |
Industrial output flatlines in May
Latest reading: Industrial output was flat year on year in calendar-adjusted terms in May, which was a deterioration from April's 5.4% increase. The outturn marked the worst reading since November 2024. The reading was largely driven by declines in manufacturing output and in electricity, gas, steam and air conditioning supply. On the flip side, mining output rebounded. Meanwhile, annual average industrial production growth fell to 2.5% in May (April: +2.8%), signaling a worsening trend in the industrial sector. On a seasonally adjusted monthly basis, industrial production fell 1.9% in May (April: +0.9% mom s.a.), marking the worst result since November 2024.
Consensus Forecasts and Projections for the next ten years
How should you choose a forecaster if some are too optimistic while others are too pessimistic? FocusEconomics collects Cypriot industry projections for the next ten years from a panel of 2 analysts at the leading national, regional and global forecast institutions. These projections are then validated by our in-house team of economists and data analysts and averaged to provide one Consensus Forecast you can rely on for each indicator. By averaging all forecasts, upside and downside forecasting errors tend to cancel each other out, leading to the most reliable industry forecast available for Cypriot industry.
Download one of our sample reports to visualize what a Consensus Forecast is and see our Cypriot industry projections.
Want to get access to the full dataset of Cypriot industry forecasts? Send an email to info@focus-economics.com.
Latest Global Industrial production News
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South Africa: Manufacturing production flatlines in June -
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