The Statistical Service of Cyprus (Cystat) has reported that the Industrial Production Index recorded a year-on-year increase of 3.7 per cent in January 2026.

The index reached 109.5 units during this time, with 2021 acting as the base year with a value of 100 units, reflecting growth compared to the same month of the previous year.

According to Cystat, the manufacturing sector registered an increase of 1.5 per cent year-on-year.

At the same time, significant increases were observed in the electricity supply sector, which rose by 18.6 per cent, as well as in the water supply and materials recovery sector, which increased by 6.0 per cent.

In contrast, a negative change was recorded in the mining and quarrying sector, which declined by 16.1 per cent compared to January 2025.

Within manufacturing, the most notable positive developments were seen in the manufacturing of wood and products of wood and cork, excluding furniture, which rose by 4.9 per cent.

Further increases were recorded in the manufacturing of refined petroleum products, chemicals and pharmaceutical products, which grew by 3.2 per cent.

Growth was also observed in the manufacturing of basic metals and fabricated metal products, which increased by 3.2 per cent.

In addition, the manufacturing of food products, beverages and tobacco products posted an increase of 1.9 per cent.

On the downside, the most significant declines within manufacturing were recorded in the manufacturing of paper and paper products and printing, which fell by 2.0 per cent.

A further decrease was seen in the manufacturing of other non-metallic mineral products, which dropped by 0.9 per cent.