Latest reading: Manufacturing output contracted by 3.9% compared with the same month a year earlier in December 2025, moderating from...
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 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 production accelerates in November
Latest reading: Industrial production was up 10.5% on a calendar-adjusted year-on-year basis in November—well above the bloc average—following a 3.8% rise in the prior month. November's reading was the strongest since May 2021. Relative to the previous month's figures, readings in November improved for manufacturing (+11.9% in annual terms vs +4.8% in October), electricity, gas, steam and air conditioning supply (-0.2% vs -3.4% in October) and mining and quarrying (+35.8% vs +6.2% in October). On a calendar- and seasonally adjusted month-on-month basis, industrial production rose 1.8% in November, following a 0.2% increase in the previous 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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Argentina: Manufacturing production contracts again in December -
Japan: Industrial production contracts less quickly in December Latest reading: Industrial production declined 0.1% in seasonally adjusted month-on-month terms in December, following a 2.7% fall in the prior... -
Serbia: Industrial production shrinks more quickly in December Latest reading: Industrial production was down 5.7% on a year-on-year basis in December, following a 3.4% fall in the previous... -
Croatia: Industrial production loses steam in December Latest reading: Industrial production was up 4.5% in working day adjusted year-on-year terms in December, following 8.7% growth in the... -
Lithuania: Industrial production accelerates in December Latest reading: Industrial production was up 3.6% in annual terms in November, following 2.1% growth in the prior month. Relative... -
Poland: Industrial production rebounds in December Latest reading: Industrial production was up 7.3% in annual terms in December, following a 1.1% fall in the previous month.... -
Italy: Industrial production returns to growth in November Latest reading: Industrial production was up 1.5% in seasonally adjusted month-on-month terms in November, following a 1.0% fall in the...