Cyprus Industrial Production Index Advances Amid Sectoral Variations

by THEFUTURE.TEAM

September 30, 2025

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.

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Cyprus-Based ASBIS Hits Record $1.05bn In Monthly Revenue, Up 216% Year On Year

by News Editor

October 21, 2026

The technology distributor ASBIS Group, headquartered in Limassol, has exceeded $1 billion in monthly sales for the first time in its history, reporting preliminary consolidated revenue of $1.05 billion in September 2026, more than three times the amount recorded a year earlier.

The figure represents a 216% increase from $332 million in September 2025, making it the highest-revenue month in the company’s history.

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ASBIS reported its strongest sales growth in servers and server components, while CEO Serhei Kostevitch pointed to growing demand for artificial intelligence solutions and computing infrastructure as an opportunity for the business.

For a company operating across Europe, the Middle East and Africa, September marked a new sales milestone following several months of substantial year-on-year growth.

Kostevitch attributed the record performance to the group’s existing operations, highlighting its broad product portfolio, international market presence and strong relationships with manufacturers and trading partners.

“Most importantly, this result is the outcome of our regular operating activities,” he said.

The CEO also highlighted the company’s portfolio of projects as a reason for confidence in continued AI-related development.

However, the group’s growth was not limited to AI-related technologies. Smartphones also performed strongly in September, with Kostevitch stressing that “we are growing beyond the AI segment as well.”

Kazakhstan, the United Arab Emirates and Ukraine accounted for the largest shares of ASBIS’s September revenue, followed by Slovakia and Poland.

Growth Follows Record First Half

September’s results follow a period of strong financial performance for ASBIS.

In July, the company reported preliminary consolidated revenue of $531 million, an increase of 89% compared with the same month in 2025. August brought a further rise to $604 million, up 91% year on year.

September’s $1.05 billion figure represents a substantial increase on both months, although the company has not provided a detailed breakdown explaining the acceleration.

The results also follow a record first half of 2026, when ASBIS generated approximately $2.97 billion in consolidated revenue, up 76% year on year.

Net profit after tax reached $80.6 million, compared with $19.4 million in the same period in 2025.

The second quarter was particularly strong, with revenue reaching $1.69 billion, an increase of 78.7%, while quarterly net profit more than tripled to $44.3 million.

ASBIS has emphasised that its September revenue figures are preliminary estimates and may differ from the final reported results.

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