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Cyprus Industrial Turnover Rose 5.6% In August, Led By Mining And Quarrying

Industrial turnover in Cyprus increased by 5.6% in August 2026 compared with the same month a year earlier, as stronger domestic sales offset a decline in export turnover, according to data released by the Statistical Service of Cyprus.

Turnover on the domestic market rose 6.7% year over year, while export turnover fell 1.3%. The Industrial Turnover Index stood at 121.4 points in August.

Domestic Demand Supported Growth In The First Eight Months

From January through August, the index increased 4.1% compared with the corresponding period of 2025. Domestic-market turnover was up 4.9% over the eight-month period, while export turnover edged down 0.7%.

Mining And Quarrying Recorded The Fastest Growth

Mining and quarrying posted the largest annual increase in turnover among industrial sectors in August, rising 12.5%. Electricity supply followed with growth of 10.2%, while water supply and materials recovery increased 10.1%.

Manufacturing turnover reached 109 points, up 3.7% from a year earlier. Within the sector, the manufacture of computer, electronic and optical products, along with electrical equipment, recorded a sharp 72.3% increase.

Turnover also rose 38.3% in the manufacture of wood and cork products and 27% in the manufacture of rubber and plastic products.

Some Manufacturing Categories Saw Declines

Not all industrial activities shared in the gains. Turnover fell 12.8% in the category covering machinery and equipment, motor vehicles and other transport equipment. The production of textiles, wearing apparel and leather goods recorded a 4.9% decline.

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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