Economy category powered by

Industrial output up by an annual 3.4% in March

14:15 - 30 May 2024

Economy

Industrial Production in Cyprus rose by an annual 3.4% in March, marking annual gains for the eleventh consecutive month.

According to data published Cystat, the Industrial Production Index in March reached 107.8 units (base 2021=100).

For the period January – March 2024, the index recorded an increase of 4.8% compared to the corresponding period of the previous year.

In the manufacturing sector, the most significant positive changes compared to March 2023 were observed in the manufacturing of furniture and repair/installation of machinery and equipment with 11.9%, electronic and optical products and electrical equipment with 9%) and basic metals and fabricated metal products with 8.8%.

The most important annual declines were registered in the manufacturing of paper and paper products and printing with 8.9% and refined petroleum products, chemicals and chemical products and pharmaceutical products and preparations with 5.1%.

News Feed

Read More

The essential ingredients for Cyprus’ future as an international business and financial hub
Tourist arrivals up 7.5% in Q1, down 0.8% in March
Cyprus-Germany Business Association holds networking event in Nicosia
Makis Keravnos urges structured dialogue between EU-USA on tariffs
New era at CIBA with Vassilios Demetriades at the helm
Cabinet approves bills for national unit to implement economic sanctions
Second-placed Cyprus among the EU members transporting most freight by sea in 2023
The profiles, HQs, assets under management and more of Plug and Play Tech Center and Tenstorrent
Invest Cyprus joined President Christodoulides on roadshow to strengthen US–Cyprus strategic ties
How to develop the Cypriot economy through the eyes of businesses... Their demands and proposals