Latest reading: Industrial production increased 3.8% on a year-on-year basis in March, following a 3.8% decline in the previous month....
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 2025.
Source: Macrobond.
Cyprus Industry Data
| 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Industrial Production (ann. var. %) | 6.4 | 3.2 | 1.6 | 2.3 | 5.0 |
Industrial production slows in February
Latest reading: Industrial production increased 0.8% in calendar-adjusted year-on-year terms in February, following a 5.4% increase in the prior month. February's reading was the weakest since June 2025. Relative to the prior month's data, readings in February worsened for manufacturing (+3.4% in calendar-adjusted year-on-year terms vs +4.0% in January) and electricity, gas, steam and air conditioning supply (-12.7% vs +18.6% in January). In contrast, the reading for mining and quarrying improved in February (+1.0% vs -13.1% in January). On a calendar and seasonally adjusted month-on-month basis, industrial production declined 1.6% in February, following a 2.0% 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.
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