The Industrial Production Index in Cyprus recorded a significant increase of 4.3 per cent in January 2025 compared to the same month in 2024, according to the state statistical service.

This increase pushed the index to 103.9 points, with 2021 acting as the base year set at 100 points.

The manufacturing sector saw a rise of 3.7 per cent year-on-year, while notable increases were also recorded in the mining and quarrying sector, which grew by 16.8 per cent, water supply and material recovery, which rose by 9.6 per cent, and electricity supply, which increased by 3.7 per cent.

Within the manufacturing sector, the most significant positive changes were observed in the production of electronic and optical products and electrical equipment, which surged by 29.9 per cent, and the manufacture of other non-metallic mineral products, which rose by 23.2 per cent.

The manufacture of machinery and equipment, motor vehicles, and other transport equipment also rose, recording an increase of 6.7 per cent.

However, some industries experienced declines. The most notable negative changes were recorded in the manufacture of paper and paper products, as well as printing, which fell by 12.3 per cent, and the manufacture of furniture along with the repair and installation of machinery and equipment, which declined by 6.6 per cent.