Cyprus’ industrial production recorded a steady rise of 4.3 per cent in the first two months of 2025 compared with the same period in the previous year, according to a report from the Cyprus Statistical Service (Cystat).

The Industrial Production Index for February 2025 reached 108.5 units, with 2021 acting as the base year set at 100 points, reflecting a year-on-year increase of 4.1 per cent compared to February 2024.

Over the two-month period of January–February 2025, the index showed a total growth of 4.3 per cent.

Growth was widespread across multiple sectors, the service reported. In the manufacturing sector, output increased by 2.4 per cent in February 2025 compared to the same month last year.

Significant increases were also observed in electricity supply, which rose by 14.2 per cent, in mining and quarrying which increased by 8.1 per cent, and in water supply and material recovery which rose by 3.8 per cent.

The Statistical Service reported that within the manufacturing sector, the largest positive year-on-year changes for February were seen in the wood industry and production of wood and cork products (excluding furniture), which rose by 8.1 per cent.

The manufacture of electronic and optical products and electrical equipment grew by 7.2 per cent, while the manufacture of other non-metallic mineral products increased by 5.1 per cent.

Food, beverages and tobacco production also rose by 4.3 per cent.

However, there were a few sectors that recorded declines. The only negative changes were observed in the activities of paper and paper product manufacturing and printing, which fell by 10.9 per cent, and in furniture manufacturing and repair or installation of machinery and equipment, which declined by 2.3 per cent.

When comparing the cumulative results for January–February 2025 to the same period in 2024, the highest increases were seen in water collection, treatment and supply, which rose by 14.3 per cent.

This was followed by other non-metallic mineral product manufacturing, which climbed by 13.6 per cent, mining and quarrying with a 12.3 per cent rise, and the manufacturing of electronic and optical products and electrical equipment, also up by 12.3 per cent.

At the same time, a few sectors showed reduced output in the first two months of the year.

These included paper product manufacturing and printing, down 10.7 per cent, material recovery, which fell by 2.6 per cent, and furniture manufacturing and equipment repair or installation, down by 2.1 per cent.

Finally, the production of refined petroleum products, chemicals, and pharmaceuticals also declined by 0.7 per cent.