Latest reading: Industrial production—excluding energy—fell 5.7% on a calendar and seasonally adjusted month-on-month basis in October, following 4.3% growth in...
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 September
Latest reading: Industrial production was up 3.5% year-on-year in September on a calendar-adjusted basis, following a 2.2% increase in the previous month. September’s reading was a five-month high and exceeded the EU average for a second month. Relative to the prior month's figures, the reading for electricity, gas, steam and air conditioning supply improved in September (+5.5% in annual terms vs -2.6% in August). In contrast, the reading for manufacturing eased slightly (+3.1% vs +3.4% in August), while mining and quarrying swung into contraction (-2.6% vs +2.5% in August). In seasonally and calendar-adjusted month-on-month terms, industrial production was up 1.0% in September, following a flat reading 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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Sweden: Industrial production shrinks in October -
France: Industrial production decelerates in October Latest reading: Industrial production—excluding construction—increased 0.2% in a calendar- and seasonally adjusted month-on-month terms in October, following a 0.7% rise... -
Argentina: Industrial production shrinks more quickly in October Latest reading: Industrial production declined 2.9% in annual terms in October, following a 0.5% decline in the prior month. Relative... -
Turkey: Industrial production falls at a softer clip in October Latest reading: Industrial production declined 0.8% in seasonally adjusted month-on-month terms in October, following a 2.1% fall in the previous... -
Ireland: Industrial production rebounds in October Latest reading: Industrial production increased 4.0% on a seasonally adjusted month-on-month basis in October, following a 8.6% drop in the... -
Denmark: Manufacturing production shrinks in October Latest reading: Manufacturing production fell 3.5% in seasonally adjusted month-on-month terms in October, following an 8.6% rise in the prior... -
Estonia: Industrial production falls in October Latest reading: Industrial production fell 1.1% on a working day and seasonally adjusted year-on-year basis in October, following a 0.7%...