Overview Of June 2025 Performance
According to the latest data from the Cyprus Statistical Service, the Industrial Production Index reached 115.9 units in June 2025, using 2021 as the base year. This figure represents a 0.8% annual increase over June 2024, while the first half of 2025 has recorded a cumulative rise of 3% when compared to the same period last year. The index, which is benchmarked against the average monthly production of 2021, indicates that production levels in June 2025 were 15.9% above the reference level.
Sectoral Shifts And Growth Dynamics
The manufacturing industry was a key contributor to this growth, registering a 4% increase over the previous year. Notably, the production of other non-metallic mineral products surged by 12.9%, while rubber and plastic products, as well as electronic and optical products alongside electrical equipment, climbed by 10.5% and 8.7% respectively. Wood and cork products, excluding furniture, also experienced solid gains of 8.3%.
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Conversely, sectors like textiles, wearing apparel, and leather products, as well as paper and paper products including printing, faced notable declines, each falling by 9.4%. The electricity supply sector was not immune, suffering a significant drop of 18.2%.
Extended Trends Through The First Half Of 2025
Analyzed from January to June 2025, manufacturing segments such as electronic and optical products, and electrical equipment, led the recovery with a 12.7% increase, while water collection, treatment, and supply grew by 9.6%. Additionally, sectors like other non-metallic mineral products, mining and quarrying, and wood and cork products continued to expand with gains of 9.0%, 8.2%, and 7.8% respectively.
However, certain sectors exhibited deceleration. Manufacturing segments related to paper products and textiles, as well as activities in refined petroleum products, chemicals, chemical products, and pharmaceuticals, experienced subtle declines ranging from 1.3% to 13.5%. Furthermore, machinery and equipment, motor vehicles, and other transport equipment dropped by 1%, rounding out a mixed picture of sectoral performance.
Conclusion
The June 2025 figures underscore a landscape of steady overall growth in Cyprus’s industrial production, coupled with divergent trends across sectors. While manufacturing continues to drive expansion, notable contrasts in performance highlight the complex interplay of market forces within diverse industries. Decision-makers and industry observers will be closely monitoring these shifts as they inform strategic planning in an evolving economic environment.
