Industrial production in Cyprus shrank 6.7 percent year-on-year in January of 2021, following a revised 1.8 percent gain in the previous month. It was the sharpest contraction since August of 2020, amid a second national lockdown since the onset of the pandemic. Production fell for manufacturing (-6.2 percent vs 2.6 percent in December); electricity supply (-9.3 percent vs -2.8 percent); and water supply & materials recovery (-4.5 percent vs 4.7 percent). Meantime, output expanded, although at a much slower pace, for mining & quarrying (1.4 percent vs 18.5 percent). source: Statistical Service of the Republic of Cyprus

Industrial Production in Cyprus averaged 0.13 percent from 2000 until 2021, reaching an all time high of 16.50 percent in April of 2002 and a record low of -35.70 percent in April of 2020. 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. Cyprus Industrial Production - data, historical chart, forecasts and calendar of releases - was last updated on April of 2021.

Industrial Production in Cyprus is expected to be 1.90 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 2.20 in 12 months time. In the long-term, the Cyprus Industrial Production is projected to trend around 2.20 percent in 2022 and 0.80 percent in 2023, according to our econometric models.

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Cyprus Industrial Production

Actual Previous Highest Lowest Dates Unit Frequency
-6.70 1.80 16.50 -36.10 2000 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-12-30 10:00 AM Oct -5.2% -2.8% -3%
2021-01-28 11:00 AM Nov -4.1% -5.2% -4.6%
2021-02-26 10:00 AM Dec -0.9% -4.1% -4.9%
2021-04-09 10:00 AM Jan -6.7% 1.8% -2.5%
2021-04-28 09:00 AM Feb -6.7%
2021-05-28 09:00 AM Mar
2021-06-29 09:30 AM Apr
2021-07-30 09:30 AM May


News Stream
Cyprus Industrial Output Shrinks in January
Industrial production in Cyprus shrank 6.7 percent year-on-year in January of 2021, following a revised 1.8 percent gain in the previous month. It was the sharpest contraction since August of 2020, amid a second national lockdown since the onset of the pandemic. Production fell for manufacturing (-6.2 percent vs 2.6 percent in December); electricity supply (-9.3 percent vs -2.8 percent); and water supply & materials recovery (-4.5 percent vs 4.7 percent). Meantime, output expanded, although at a much slower pace, for mining & quarrying (1.4 percent vs 18.5 percent).
2021-04-09
Cyprus Industrial Output Falls for 9th Month
Industrial production in Cyprus shrank 4.1 percent year-on-year in November of 2020, following a 5.2 percent decline in the previous month. It was the ninth consecutive month of output contraction, amid the pandemic crisis. Production fell for manufacturing (-5 percent vs -6.2 percent in October); mining & quarrying (-4.3 percent vs 0.1 percent) and electricity supply (-0.9 percent vs -1 percent). Conversely, output rebounded slightly for water supply and materials recovery (0.3 percent vs -8.7 percent).
2021-01-28
Cyprus Industrial Output Falls for 8th Month
Industrial production in Cyprus declined 5.2 percent year-on-year in October 2020, after dropping a revised 2.8 percent in the previous month. It was an eight consecutive month of output contraction, as the coronavirus crisis hit activity and demand. Production fell for manufacturing (-6.2 percent vs -4.3 percent in September), water supply and materials recovery (-8.7 percent vs -25.2 percent), and electricity supply (-1.0 percent vs 6.4 percent). At the same time, mining and quarrying was little-changed.
2020-12-30
Cyprus Industrial Output Drops the Least in 7 Months
Industrial production in Cyprus fell 3.5 percent year-on-year in September of 2020, following an 8.8 percent drop in the previous month. It was the seventh consecutive decline in the industrial activity, still the smallest in the current sequence, amid the ongoing easing of coronavirus lockdown restrictions. Output decreased less in manufacturing (-5 percent vs -8.3 percent), mining & quarrying (-6.4 percent vs -8 percent), and water supply & materials recovery (-27.6 percent vs -31.2 percent). Also, electricity supply production rebounded (6.4 percent vs -6.7 percent).
2020-11-27

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.