An annual change of -2.4% recorded the Index of Industrial Output Prices for June 2024, according to the compared to the Statistical Service of Cyprus (CYSTAT). In June 2024 compared to May 2024, the index remained stable in the sector of electricity supply, while it showed an increase in the sector of water supply and materials recovery by 0.1%.
According to CYSTAT, the Index of Industrial Output Prices for June 2024 reached 122.4 units (base 2021=100), recording a decrease of 0.1% compared to May 2024. Compared to the corresponding month of the previous year, the index recorded a decrease of 2.4%. For the period January-June 2024, the index showed a decrease of 3.1% compared to the corresponding period of 2023.
In June 2024 compared to May 2024, the index remained stable in the sector of electricity supply, while it showed an increase in the sector of water supply and materials recovery by 0.1%. A decrease was recorded in the sectors of manufacturing (0.1%) and mining and quarrying (also 0.1%). Compared t
o the corresponding month of the previous year, an increase was recorded in the sectors of mining and quarrying (1%) and a decrease in the sectors of electricity supply by 10.3%, water supply and materials recovery by 1.3% and manufacturing by 0.3%, it said.
By division of economic activity in manufacturing, in June 2024, compared to the corresponding month of the previous year, increases were recorded in the manufacture of furniture, other manufacturing and repair and installation of machinery and equipment (4%), the manufacture of refined petroleum products, chemicals and chemical products and pharmaceutical products and preparations (2.6%), the manufacture of electronic and optical products and electrical equipment (2.4%) and the manufacture of textiles, wearing apparel and leather products (1.4%), while a decrease was recorded in the manufacture of basic metals and fabricated metal products (-5.5%), the manufacture of rubber and plastic products (-2.3%) and the manufacture of paper and paper products and
printing (-2%).
Source: Cyprus News Agency