Latest reading: Industrial production rose 4.1% on a year-on-year basis in May, following a 2.9% rise in the prior month....
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 2014 to 2025.
Source: Macrobond.
Cyprus Industry Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 6.4 | 3.2 | 1.6 | 2.3 | 5.0 |
Industrial production loses momentum in April
Latest reading: Industrial production rose 1.6% in calendar-adjusted year-on-year terms in April, following 2.5% growth in the prior month. Relative to the previous month's data, the reading for electricity, gas, steam and air conditioning supply softened in April (+6.9% on a calendar-adjusted year-on-year basis vs +19.0% in March). In contrast, readings picked up for manufacturing (+0.9% vs -0.3% in March) and mining and quarrying (+4.5% vs +2.6% in March). In calendar and seasonally adjusted month-on-month terms, industrial production rose 0.1% in April, following a 1.6% increase in the prior month.
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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Euro Area: Industrial production decelerates in April Latest reading: Industrial production increased 0.1% in seasonally adjusted month-on-month terms in April, following 0.4% growth in the prior month.... -
Hungary: Industrial production loses momentum in April Latest reading: Industrial production increased 1.2% in annual terms in April, following a 3.6% rise in the previous month. Relative... -
Cyprus: Industrial production loses momentum in April Latest reading: Industrial production rose 1.6% in calendar-adjusted year-on-year terms in April, following 2.5% growth in the prior month. Relative... -
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