Cyprus: Industrial output notches best reading since June 2024 in February
Latest reading: Industrial production grew 6.6% year on year in calendar-adjusted terms in February (January: +5.8% c.a. yoy). February’s figure marked the best reading since June 2024. Looking at the details of the release, electricity, gas, steam and air conditioning supply output gathered steam. That said, manufacturing production growth slowed.
Meanwhile, the trend improved, with the annual average growth of industrial production coming in at 3.0%, up from January’s 2.6% reading. On a seasonally adjusted monthly basis, industrial production rose at a more moderate pace of 0.8% in February (January: +1.8% mom).