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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.

Cyprus Business Electricity Prices Rank Among The EU’s Highest

Electricity prices for a defined group of non-household consumers in Cyprus reached €0.23 per kilowatt-hour in the first half of 2026, placing the country among the most expensive in the EU, according to Eurostat.

The rate matched Italy and exceeded the EU average of €0.18. Ireland recorded the highest price at €0.27 per kilowatt-hour.

The figures cover non-household consumers with annual electricity consumption of between 500 and 2,000 megawatt-hours, rather than all businesses or households.

EU Electricity Prices Continued To Fall

Across the EU, average prices for this consumer group declined by 2% compared with the second half of 2025 and were 5.4% lower year on year.

The lowest rates were recorded in Finland (€0.09 per kWh) and Sweden (€0.12), followed by Denmark, Spain and Portugal, all at €0.13.

Prices Fell In Most Member States

Electricity prices declined year on year in 19 EU countries during the first half of 2026. Luxembourg recorded the largest fall, at 23.8%, followed by Czechia (11.9%) and Greece (11.8%).

Prices increased in eight member states, led by Sweden (18.8%), Finland (18.7%) and Bulgaria (14.2%). Despite the sharp increases, Finland and Sweden continued to have the lowest electricity prices in the bloc.

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