Nicosia:The Turnover Value Index of Industry in Cyprus experienced a 5.6% year-on-year increase in August 2026, reaching 121.4 points. This data was released by the Statistical Service of Cyprus on Thursday.

According to Cyprus News Agency, from January to August 2026, the index showed a growth of 4.1% compared to the same period in 2025. The mining and quarrying sector registered the largest annual growth at 12.5%, followed by electricity supply with a 10.2% increase, and water supply and materials recovery, which rose by 10.1%.

The manufacturing sector saw a year-on-year increase of 3.7%, reaching 109 points. Within manufacturing, the production of computer, electronic and optical products, and electrical equipment showed the most significant growth, surging by 72.3%. The manufacture of wood and wood products, excluding furniture, grew by 38.3%, while the manufacture of rubber and plastic products increased by 27%.

Conversely, the manufacture of machinery and equipment, motor vehicles, and other transport equipment experienced a decline of 12.8%. The manufacture of textiles, wearing apparel, and leather products also fell by 4.9%.

There was a notable divergence between domestic and export industrial turnover. The domestic index increased by 6.7% in August compared to the same month in 2025, whereas the export index fell by 1.3%. For the January to August period, the domestic index rose by 4.9%, while the export index saw a decrease of 0.7%.