Overview Of Industrial Growth
The latest data from Cyprus’s statistical service shows that the Industrial Production Index reached 125.8 units in July 2025, using 2021 as the base year at 100 units. This figure represents a 1.8 percent increase compared to July 2024, signaling a measured yet steady industrial uptick.
Robust Performance In Manufacturing And Utilities
Significant progress was observed in the manufacturing sector, which grew by 3.7 percent relative to the previous year. In parallel, improvements in water supply and materials recovery were particularly notable, with a 7.6 percent increase. These developments highlight the resilience of core industrial segments amid a fluctuating economic landscape.
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Differential Sectoral Outcomes
However, not all sectors shared in this growth. The electricity supply segment experienced an 8.0 percent decline, and the mining and quarrying industries contracted by 1.8 percent. Within manufacturing, there were marked disparities: basic metals and fabricated metal products surged by 10.5 percent, while rubber and plastic products climbed 9.2 percent. In contrast, the paper and printing sectors saw the steepest falls, with declines of 11.9 percent, complemented by a 9.8 percent drop in textiles, wearing apparel, and leather products.
Mid-Year Trends And Broader Implications
From January to July 2025, the overall index recorded a 3.0 percent annual growth. Within this period, water collection, treatment, and supply led the gains with a 9.0 percent increase, followed by other non-metallic mineral products (up 8.7 percent), wood products (up 7.6 percent), and rubber and plastic products (up 7.0 percent). Conversely, paper production and printing fell by 13.6 percent, with textiles and electrical supply also showing declines.
Methodological Context
The Industrial Production Index is pegged to the 2021 base year. For instance, an index reading of 103.4 indicates a 3.4 percent increase over the average monthly production of 2021. This framework offers a clear metric for assessing month-over-month changes in industrial output.
