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Cyprus Industrial Production Advances Amid Diversified Sector Growth In 2025

Cyprus’ Industrial Production Index rose to 113.0 points in December 2025, marking a 3.5% increase compared with the same month a year earlier, according to data from the Cyprus Statistical Service. The figures suggest continued industrial momentum as the country’s production base expands across several manufacturing segments.

Overview Of Economic Momentum

Based on the 2021 reference value of 100 points, industrial output maintained an upward trend throughout 2025. For the full year, production increased by 3.6%, reflecting steady growth supported by manufacturing activity and ongoing industrial investment.

Sector Analysis: Winners And Losers

Manufacturing remained the main driver of growth, expanding by 4.6% in December. Water supply and materials recovery also contributed, rising by 3.2%.

Other sectors showed weaker performance. Electricity supply declined by 2.4% compared with December 2024, while mining and quarrying fell by 1.7%, highlighting uneven performance across the industrial landscape.

In-Depth Manufacturing Performance

Within manufacturing, furniture production and related activities, including machinery repair and installation, recorded one of the strongest gains, rising 13.8% year over year.

Wood and cork products, excluding furniture, increased by 11.9%, while machinery, motor vehicles, and transport equipment production rose by 8.1%.

Annual Trends And Segment Challenges

For the full year, the manufacture of other non-metallic mineral products posted the strongest growth, rising 10.9% compared with 2024. Wood and cork products grew by 9.1%, while basic metals and fabricated metal products increased by 8%.

Furniture-related activities expanded by 7.2%. At the same time, paper products and printing declined by 9.5%, while textiles, apparel, and leather products fell by 3.8%. Electricity supply recorded a full-year decline of 2%, underscoring differences in sector performance.

Outlook

The latest data points to continued growth in Cyprus’ industrial sector, led primarily by manufacturing. At the same time, weaker performance in energy and selected manufacturing segments highlights areas where productivity and investment strategies may shape future industrial performance.

LinkedIn Says Hiring Down 20% Since 2022, Not Driven By AI

At the recent Semafor World Economy summit, Blake Lawit, LinkedIn’s Chief Global Affairs and Legal Officer, provided a data-driven perspective on the current labor market dynamics. During his interview, Lawit affirmed that while hiring has dropped by nearly 20% since 2022, there is no evidence to suggest that artificial intelligence is the root cause.

Economic Trends Underpin Hiring Slowdown

Lawit said the decline in hiring aligns more closely with rising interest rates than with technological disruption. LinkedIn’s economic graph, which draws on data from more than one billion members and companies, offers a broad view of labor market activity. According to Lawit, if AI were significantly affecting employment, changes would likely be visible in areas such as customer service, administrative roles, and marketing. Current data does not support that pattern.

Debunking The AI Narrative

Addressing concerns about AI, Lawit said LinkedIn’s data has not identified measurable job losses linked to the technology. Hiring declines appear consistent across different groups, including younger workers and experienced professionals. This suggests a broad-based slowdown rather than a shift driven by automation.

Preparing For A Transformed Job Landscape

Lawit noted that job requirements continue to change even without immediate disruption to hiring levels. Skills associated with many roles have shifted by approximately 25% in recent years. LinkedIn projects this figure could reach 70% by 2030 as AI adoption expands. Lawit said that even without changing jobs, workers are likely to see changes in their roles.

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