Industrial production in Cyprus increased 0.9 percent year-on-year in November 2019, easing from a 1.8 percent gain in the previous month. Manufacturing output growth slowed to 2.1 percent from 3.2 percent in October, namely food products, beverages & tobacco (1.1 percent vs 1.7 percent), chemicals (3.2 percent vs 13.7 percent) and basic metals & fabricated metal products (3.6 percent vs 7.3 percent). In addition, production shrank further in water supply and materials (-12.8 percent vs -10.5 percent) and electricity supply (-2.6 percent vs -0.8 percent). Meanwhile, mining & quarrying output rebounded (8.9 percent vs -2.4 percent). Considering the first eleven months of the year, industrial activity grew 3.2 percent compared to the corresponding period of the previous year.

Industrial Production in Cyprus averaged 0.58 percent from 2000 until 2019, reaching an all time high of 16.50 percent in April of 2002 and a record low of -18.70 percent in December of 2012. This page provides the latest reported value for - Cyprus Industrial Production - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Industrial Production in Cyprus is expected to be 2.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Industrial Production in Cyprus to stand at 1.70 in 12 months time. In the long-term, the Cyprus Industrial Production is projected to trend around 0.80 percent in 2021, according to our econometric models.


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Cyprus Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
0.90 1.80 16.50 -18.70 2000 - 2019 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-30 10:00 AM Aug 3.7% 4.2% 5.6%
2019-11-28 10:00 AM Sep 5.0% 4.2% 0.3%
2019-12-30 10:00 AM Oct 1.8% 6.1% 3.7%
2020-01-30 10:00 AM Nov 0.9% 1.8% 2.5%
2020-02-27 10:00 AM Dec 0.9% 3.9%
2020-03-30 09:00 AM Jan
2020-04-29 09:00 AM Feb
2020-05-28 09:00 AM Mar 2.5%


News Stream
Cyprus Industrial Output Growth Slows in November
Industrial production in Cyprus increased 0.9 percent year-on-year in November 2019, easing from a 1.8 percent gain in the previous month. Manufacturing output growth slowed to 2.1 percent from 3.2 percent in October, namely food products, beverages & tobacco (1.1 percent vs 1.7 percent), chemicals (3.2 percent vs 13.7 percent) and basic metals & fabricated metal products (3.6 percent vs 7.3 percent). In addition, production shrank further in water supply and materials (-12.8 percent vs -10.5 percent) and electricity supply (-2.6 percent vs -0.8 percent). Meanwhile, mining & quarrying output rebounded (8.9 percent vs -2.4 percent). Considering the first eleven months of the year, industrial activity grew 3.2 percent compared to the corresponding period of the previous year.
2020-01-30
Cyprus Industrial Output Slows in October
Industrial production in Cyprus rose 1.8 percent year-on-year in October 2019, slowing from an upwardly revised 6.1 percent gain in the previous month. Only manufacturing increased although at a very low pace (3.2 percent compared to 8.2 percent in September). All the other production activities contracted: mining and quarrying (-2.4 percent compared to 2.2 percent in September), electricity supply (-0.8 percent compared to a flat reading) and water supply and materials recovery (-10.5 percent compared to 5.5 percent). Considering the first ten months of the year, industrial activity grew 3.4 percent compared to the corresponding period of the previous year.
2019-12-30
Cyprus Industrial Output Growth at 7-Month High
Industrial production in Cyprus rose 5 percent year-on-year in September 2019, up from an upwardly revised 4.2 percent gain in the previous month. It was the quickest increase in industrial activity since February, driven by manufacturing (6.9 percent vs 5.5 percent in August) and mining & quarrying (2.3 percent vs -14.1 percent). Meanwhile, output was flat for electricity supply (vs 2.6 percent) and it decreased for water supply (-0.6 percent vs 2.6 percent). Considering the first nine months of the year, industrial activity grew 3.5 percent compared to the corresponding period of the previous year.
2019-11-28
Cyprus Industrial Output Growth Slows in August
Industrial production in Cyprus increased 3.7 percent year-on-year in August of 2019, easing from an upwardly revised 4.2 percent gain in the previous month. Manufacturing output slowed (4.7 percent vs 62.2 percent in July), particularly machinery and equipment (6.3 percent vs 13.5 percent) and food products (0.6 percent vs 4.5 percent) while mining & quarrying production dropped further (-14.8 percent vs -6.4 percent). On the other hand, electricity supply rebounded (2.6 percent vs -0.5 percent) while water supply output advanced faster (2.6 percent vs 1.4 percent).
2019-10-30

Cyprus Industrial Production
In Cyprus, industrial production measures the output of businesses integrated in industrial sector of the economy. Manufacturing is the most important sector and accounts for 72 percent of total production. The biggest segments within Manufacturing are: food products (32 percent of total production); other non-metallic mineral products (7 percent); basic pharmaceutical products and pharmaceutical preparations (6 percent); and fabricated metal products, except machinery and equipment (5 percent). Mining and quarrying, and electricity, gas, steam and air conditioning supply account for 20 percent of total output; and water supply, sewerage, waste management and remediation activities account for the remaining 8 percent.