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Cyprus Industrial Production Index Sees Steady Growth in June 2025 Amid Sectoral Shifts

by THEFUTURE.TEAM

August 29, 2025

Overview Of June 2025 Performance

According to the latest data from the Cyprus Statistical Service, the Industrial Production Index reached 115.9 units in June 2025, using 2021 as the base year. This figure represents a 0.8% annual increase over June 2024, while the first half of 2025 has recorded a cumulative rise of 3% when compared to the same period last year. The index, which is benchmarked against the average monthly production of 2021, indicates that production levels in June 2025 were 15.9% above the reference level.

Sectoral Shifts And Growth Dynamics

The manufacturing industry was a key contributor to this growth, registering a 4% increase over the previous year. Notably, the production of other non-metallic mineral products surged by 12.9%, while rubber and plastic products, as well as electronic and optical products alongside electrical equipment, climbed by 10.5% and 8.7% respectively. Wood and cork products, excluding furniture, also experienced solid gains of 8.3%.

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Conversely, sectors like textiles, wearing apparel, and leather products, as well as paper and paper products including printing, faced notable declines, each falling by 9.4%. The electricity supply sector was not immune, suffering a significant drop of 18.2%.

Extended Trends Through The First Half Of 2025

Analyzed from January to June 2025, manufacturing segments such as electronic and optical products, and electrical equipment, led the recovery with a 12.7% increase, while water collection, treatment, and supply grew by 9.6%. Additionally, sectors like other non-metallic mineral products, mining and quarrying, and wood and cork products continued to expand with gains of 9.0%, 8.2%, and 7.8% respectively.

However, certain sectors exhibited deceleration. Manufacturing segments related to paper products and textiles, as well as activities in refined petroleum products, chemicals, chemical products, and pharmaceuticals, experienced subtle declines ranging from 1.3% to 13.5%. Furthermore, machinery and equipment, motor vehicles, and other transport equipment dropped by 1%, rounding out a mixed picture of sectoral performance.

Conclusion

The June 2025 figures underscore a landscape of steady overall growth in Cyprus’s industrial production, coupled with divergent trends across sectors. While manufacturing continues to drive expansion, notable contrasts in performance highlight the complex interplay of market forces within diverse industries. Decision-makers and industry observers will be closely monitoring these shifts as they inform strategic planning in an evolving economic environment.

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Cyprus Tourism Shows Strength As Clean Monday Hotel Bookings Surge

by THEFUTURE.TEAM

February 18, 2026

Hotels Embrace A Bright Outlook

Recent figures point to growing momentum in hotel reservations ahead of the Clean Monday weekend, signaling renewed confidence in Cyprus’ tourism sector. Christos Angelides, Director of PASYXE, emphasized the positive trend while also underscoring the need to gradually extend the tourism season beyond traditional peak months.

Favorable Conditions And Festive Spirit

Angelides noted that bookings recorded during the past weekend reached encouraging levels, a development attributed to multiple converging factors. The return of sunny weather after prolonged rainfall, coupled with the festive aura of carnival events and children’s parades in cities such as Nicosia, Limassol, and Paphos, has motivated many to opt for short getaways. This seasonal momentum is further boosted by the strategic initiatives of local hotels, many of which are curating special menus for Clean Monday events, offering guests an enhanced stay experience by keeping them on-premise.

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Positioning For The Off-Season

Despite the positive indicators, Angelides cautioned that average occupancy rates of 25%–30% highlight the need for continued innovation rather than complacency. He described the current period as part of a longer process of building winter tourism and pointed to opportunities in conferences, corporate events and niche travel segments as potential drivers of year-round demand.

Expanding Air Connectivity and Collective Ecosystem

Industry expectations are further supported by expanded air connections from established markets such as the United Kingdom and Israel, alongside increased routes from Armenia, Romania, Bulgaria, Latvia and Poland. While recovery in the German market remains gradual, broader improvements in connectivity continue to strengthen overall tourism prospects. Angelides added that sustainable year-round tourism depends on a wider ecosystem that extends beyond accommodation to include restaurants, museums, cultural venues and community events.

The Path Forward

Cyprus continues to benefit from strong competitive advantages in climate, accessibility and hospitality infrastructure. With coordinated planning across tourism stakeholders and consistent investment in diversified offerings, the sector is positioned to contribute more steadily to the national economy and support a more balanced, all-season travel model.