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Industrial production up by 2.5 per cent in first nine months of this year

industry

Industrial production registered an increase of 2.5 per cent in the first nine months of this year, according to data released by the Cyprus Statistical Service (CyStat).

In September 2022, the Industrial Production Index reached 142.7 units, recording an increase of 1.1 per cent compared to September 2021.

For the period spanning from January to September 2022, the index recorded an increase of 2.5 per cent compared to the corresponding period of last year.

According to the data, the manufacturing sector registered an increase of 1.0 per cent compared to September 2021.

Increases were also observed in the mining and quarrying sectors (15.1 per cent), as well as water supply and materials recovery (3.5 per cent).

The electricity supply sector recorded a decrease of 0.6 per cent compared to September 2021.

The data also showed that the most significant increases compared to September 2021 were observed in the manufacturing of other non-metallic mineral products with 25.2 per cent, textiles, wearing apparel and leather products with 10.3 per cent and furniture and repair/installation of machinery and equipment with 9.2 per cent.

On the other hand, the most significant decreases were registered in the manufacturing of electronic, optical products and electrical equipment (44.9 per cent) and the manufacturing of basic metals and fabricated metal products (10.1 per cent).

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