Latest reading: Industrial output rose 1.9% in year-on-year terms in April, which contrasted March’s 2.5% decrease. Looking at the details...
Industrial Production in Cyprus
In the year 2024, the industrial production in Cyprus was 2.27%, compared to -0.47% in 2014 and 1.66% in 2023. It averaged 3.64% over the last decade. For more industry information, visit our dedicated page.
Cyprus Industry Chart
Note: This chart displays Industrial Production (annual variation in %) for Cyprus from 2019 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 output growth moderates in March
Latest reading: Industrial output expanded 2.0% year on year in calendar-adjusted terms in March, which was a deterioration from February's 6.9% increase. The figure was primarily driven by weaker manufacturing output. In addition, mining and quarrying output lost pace. Meanwhile, the trend pointed down, with the annual average growth of industrial production coming in at 2.6% in March, down from February's 3.0%. On a seasonally adjusted monthly basis, industrial output fell 1.2% in March (February: +0.8% s.a. mom).
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 [email protected].
Latest Global Industrial production News
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