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Cyprus Industrial Output Edges Up 0.3% In June As Mining And Manufacturing Grow

Cyprus’ industrial sector posted modest growth in June 2026, with production rising by 0.3% year on year, according to figures released by the statistical service Cystat.

The overall industrial production index reached 117.6 points, using 2021 as the base year of 100. Over the first six months of 2026, industrial output was 1.2% higher than in the same period a year earlier, indicating a sector that is expanding, albeit unevenly.

Mining And Water Supply Lead Monthly Gains

June’s performance was driven by strength in mining and quarrying, which rose 11.4% annually, and by water supply and materials recovery, which increased 1.5%. Manufacturing also registered a gain, albeit a narrower one, rising 0.6% from June 2025.

By contrast, electricity supply fell 4% over the same period, underscoring the mixed nature of the country’s industrial trajectory.

Mixed Performance Across Industrial Activities

Within water supply and materials recovery, the two activities diverged sharply. Water collection, treatment and supply climbed 14.2%, while materials recovery dropped 15.1%.

Among manufacturing subsectors, other non-metallic mineral products recorded the strongest annual increase in June, up 7.5%. Rubber and plastic products followed with growth of 4.7%, while wood and cork products excluding furniture and basic metals and fabricated metal products each advanced 2.3%.

Smaller gains were seen in textiles, wearing apparel and leather products, which edged up 0.4%.

Several manufacturing categories, however, moved in the opposite direction. Machinery, equipment, motor vehicles and other transport equipment saw the steepest decline, falling 8.5%. Production of electronic and optical products and electrical equipment decreased 2.4%, while furniture, other manufacturing, and the repair and installation of machinery and equipment slipped 2.3%.

Paper products and printing fell 0.7%, food, beverages and tobacco products declined 0.6%, and refined petroleum products, chemicals and pharmaceutical products and preparations were down 0.5%.

First-Half Output Shows Broader Stability

Looking at the January-to-June period, the underlying picture was more stable. Manufacturing output increased 0.7% year on year, mining and quarrying rose 1.1%, and water supply and materials recovery grew 2.5%.

Among individual activities, water collection, treatment and supply delivered the strongest first-half expansion, increasing 11.5%. Basic metals and fabricated metal products followed with growth of 5.1%, while electricity supply rose 4.3%.

Other non-metallic mineral products advanced 3.4%, and wood and cork products excluding furniture increased 3.2%. Refined petroleum products, chemicals and pharmaceutical products and preparations were up 1.8%, while rubber and plastic products rose 1.4%. Paper products and printing increased 0.7%, and food, beverages and tobacco products were unchanged from the same period in 2025.

On the downside, materials recovery recorded the sharpest decline in the first half, falling 8.8%. Machinery, equipment, motor vehicles and other transport equipment dropped 5.9%, while furniture, other manufacturing, and the repair and installation of machinery and equipment decreased 4.2%. Textiles, wearing apparel and leather products declined 3.9%, and electronic and optical products and electrical equipment edged down 0.4%.

The latest data point to an industrial economy moving forward at a measured pace, with gains in essential and extractive activities helping to offset weakness in several manufacturing segments.

AI In Practice Brings Business Leaders Together To Learn, Unlearn And Relearn

AI in Practice: Changing the Future of Business takes place on Monday, 19 October 2026, at the Cultural Center of European University Cyprus in Nicosia, under the auspices of the Chief Scientist of Cyprus, Demetris Skourides.

Organised by Panis.News with co-organisers GrantXpert Consulting and Future Skills Hub at European University Cyprus, the event will bring together founders, SME owners and senior executives to examine practical uses of artificial intelligence.

The evening runs from 18:00 to 22:30. Tickets will be available until 12:00 noon on Monday, 19 October, Cyprus time.

For business leaders, the challenge is deciding where AI can deliver results. The programme will explore how to identify useful applications, prepare teams and connect technology investment with business needs. Demonstrations, case studies and direct questions to speakers will help attendees assess their next steps.

Panis Pieri, Founder of Panis.News, said:

“Business leaders need space to ask questions, challenge assumptions and learn from people applying AI. We created AI in Practice to make that conversation accessible and useful. We want attendees to leave with a clearer idea of what they can do next in their own businesses.”

Dr Celia Hadjichristodoulou, Founder and Managing Director of GrantXpert Consulting and Future Skills Hub, said:

“Working out where AI belongs in your business takes real thought about your customers, your processes and your people.”

AIA.Labs supports the event as the Gold Partner. Its founder, Sotiris Makrygiannis, said:

“In the 70s we learnt how to punch a card to go to work or program a timesharing computing machine, in the 80s the personal PC and office tools, in the 90s the modem and basic internet, in the 2000s mobile internet plus web shopping, and by 2010 the mobile apps. Now it’s time to learn how to practically use AI and that alone is the most disruptive thing an individual can do today. We are happy to sponsor the event because theory needs a practical application.”

The Agenda

– 18:00–18:30: Registration and networking.

– 18:30–18:50: Welcome remarks from Panis Pieri, Dr Celia Hadjichristodoulou and EUC Rector Professor Loizos Symeou.

– 18:50–19:00: Interview with Chief Scientist Demetris Skourides.

– 19:00–19:20: The AI Revolution. Why should you care? by Monica Odysseos, Head of AI and Data Lab of Grant Thornton.

– 19:20–19:40: From Business Pain Points to AI Transformation: A CEO’s Roadmap to Real Results by George Malekkos, CEO of POWERSOFT Computer Solutions & AI-Driven Business Transformation Architect & President of CITEA.

– 19:40–20:20: AI and the Future of Business: Will Your Business Be Here in 2030? by Paris Thomas, Executive Advisor on AI & Strategy, Founder at Rapid Visual / Strapivo

– 20:20–21:00: Questions and answers with the speakers.

– 21:00–22:30: Networking over drinks and bites.

The Challenge

The evening’s programme approaches the challenge from three directions.

Monica Odysseos will begin with a question that deserves a clear answer: why should you care?

Her session will explore how AI is changing the way people work, make decisions and create. Her background spans software development, accounting and applied AI, bringing both technical and business perspectives to the discussion.

George Malekkos will then examine how business problems can become starting points for AI adoption.

Where does your company lose time? Which processes cause delays? Where could you improve the customer experience?

His presentation will look at selecting useful applications, preparing teams and processes, and measuring results. For a business owner deciding where to begin, that connection between a specific problem and a measurable outcome matters.

Paris Thomas will take the discussion further with his keynote, “AI and the Future of Business: Will Your Business Be Here in 2030?”

It is a challenging question. It asks leaders to look beyond today’s workload and consider how their products, services and business models might need to change.

His hour-long session will include live AI demonstrations and enterprise case studies. It will explore how leaders can improve their current business while developing new opportunities and preparing for longer-term change.

The Event

The event will be in English.

The full programme and to book your tickets, visit: https://luma.com/ai-in-practice-cyprus

The organisers thank:

  • Silver Partners Growth Hacking Cyprus, RSEVEN, Mel’s Digital and Makkas Winery.
  • Supporters: Cyprus Computer Society, XValley Tech, Business Society Accelerator, Startup School Cyprus and Carierista.
  • Community Partners: EIT Community Hub Cyprus, CYENS, Women in Tech, Startup Greece, ECECT, CITEA, IET Cyprus and Cyprus_IT

Follow updates about the event on social media at #PanisMeetups

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