Nicosia:Industrial production in Cyprus experienced a mixed performance in 2026, with a decline in August but an overall rise in the first eight months of the year compared to the previous year. In August 2026, industrial production fell by 1.3% compared to August 2025, while the period from January to August saw a 1.2% increase compared to the same period in 2025.

According to Cyprus News Agency, the Statistical Service reported that the Industrial Production Index for August 2026 stood at 90.9 units, based on the year 2021=100. This represented an annual decrease of 1.3%. The manufacturing sector specifically saw a decline of 2.5% compared to the previous year.

The report highlighted significant increases in mining and quarrying (+11.0%), water supply and materials recovery (+5.7%), and electricity supply (+0.1%). Within the manufacturing sector, notable growth was observed in the production of rubber and plastic products (+7.1%) and wood and products of wood and cork, excluding furniture (+6.4%).

Conversely, there were sharp declines in the manufacturing of machinery and equipment, motor vehicles, and other transport equipment (-12.8%), as well as in the production of refined petroleum products, chemicals, chemical products, and pharmaceutical products and preparations (-7.1%). The manufacturing of other non-metallic mineral products also saw a decline (-4.8%).

For the January-August 2026 period, the largest increases were recorded in water collection, treatment, and supply (+11.5%), the manufacturing of basic metals and fabricated metal products (+5.5%), and the manufacturing of wood and products of wood and cork, excluding furniture (+5.0%). However, the most significant declines were observed in materials recovery (-6.7%) and the manufacturing of machinery and equipment, motor vehicles, and other transport equipment (-6.2%).