Cyprus Business Now

Industrial Turnover showed a significant increase of more than 10 per cent in July 2021, but also in the first seven months of the year, a development that is mainly due to the increase in electricity and water supply sectors.

According to the Cyprus Statistical Service (Cyprus), in July 2021, the Industrial Turnover Index reached 162.5 units, registering an increase of 10.6 per cent compared to July 2020.

For the period January-July 2021, the index recorded an increase of 10.9 per cent compared to the corresponding period of the previous year.

In manufacturing, the Industrial Turnover Index for July 2021 reached 158.3 units, recording an increase of 1.2 per cent compared to July 2020. Increases were also noted in the sectors of electricity supply (62.3 per cent), water supply and materials recovery (54.3 per cent) and mining and quarrying (11.6 per cent).

The Index of Production in Construction during the second quarter of 2021 reached 195.7 units (base year 2015=100,0), recording an increase of 26.2 per cent over the second quarter of 2020, according to a press release by the Cyprus Statistical Service (CyStat).

Going by the type of project, an increase of 26.0 per cent was observed for buildings and 27.6 per cent for civil engineering projects in the second quarter of 2021 compared to the corresponding quarter of 2020.

At the same time, the Output Prices Index in Construction for the second quarter of 2021 reached 114.44 units, recording an increase of 0.9 per cent over the first quarter of 2021.

Compared to the same quarter of the previous year, the index increased by 5.4 per cent.

By type of project, an increase of 5.5 per cent was observed for buildings and of 5.2 per cent for civil engineering projects in the second quarter of 2021 compared to the corresponding quarter of 2020.

The Cyprus Stock Exchange (CSE) ended Friday, October 8, with profits, breaking the trend of previous days.

The main Cyprus Stock Market Index was at 66.58 points by 12:39 during the day, reflecting an increase of 0.17 per cent over the previous day.

The FTSE / CySE 20 Index was at 39.78 points, representing a drop of 0.15 per cent. The total value of transactions came up to €40,508.98.

In terms of sub-indexes, the main index rose by 0.19 per cent, while the alternative index rose by 0.15 per cent. Hotels and investment firms remained stable.

The biggest investment interest was attracted by Vassiliko Cement Works (+0.76 per cent), Logicom (+1.59 per cent), Hellenic Bank (€4,349 worth of trades, no change) and Bank of Cyprus Holdings (€18,217 worth of trades, no change).