The latest figures from the Statistical Service of Cyprus (Cystat) underscore robust economic momentum, with the industrial turnover index rising to 151.8 units in September 2025—a 5.6% increase on the comparable month in 2024.
Overview Of Economic Activity
For the January to September 2025 period, the overall index improved by 4.2% when compared with the same timeframe last year. Local turnover posted a 5.9% rise, whereas export turnover advanced by 4.1%, reflecting balanced domestic and international market performance.
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Strong Performance In Manufacturing And Mining
Within the manufacturing sector, the index reached 143.4 units in September, registering an impressive annual gain of 9.6%. This robust performance was paralleled by an 8.5% rise in mining and quarrying activity. Sector-specific trends further demonstrate this momentum, as evidenced by the notable advances in:
- Electronic and Optical Products and Electrical Equipment: up 36.4%
- Machinery, Motor Vehicles and Other Transport Equipment: up 20.8%
- Basic Metals, Fabricated Metal Products, Furniture, and Machinery Installation: over 21%
- Wood And Cork Products: up 17.9%
- Rubber, Plastic Products And Other Non-metallic Mineral Products: mid-range increases between 8.1% and 8.6%
Sectoral Challenges And Variations
Despite these advancements, certain sectors registered declines. Electricity supply experienced a 6% drop in September and an 8.8% fall for the January–September period, while water supply and materials recovery exhibited marginal degressions of 0.6% and 1.6%, respectively. Additionally, traditional segments such as textiles, wearing apparel, and leather products fell by 8.6%, with refined petroleum, chemicals, and pharmaceutical products declining by 8.9%.
Methodology And Data Collection Insight
The industrial turnover index is underpinned by systematic data collection from enterprises with turnover exceeding €2 million or employing 20 or more personnel; smaller enterprises are included via sampling methodologies. With 2021 as the base year—where the monthly average index is 100.0—the index offers a transparent measure of turnover shifts across the industrial spectrum. Data is typically collected by telephone or email within two months following the end of each reference period.
This comprehensive report not only outlines key growth areas within Cyprus’s industrial landscape but also provides critical insights for policymakers and investors eyeing long-term trends in the region.
