Nicosia: The Index of Industrial Output Prices for May 2025 reached 122.9 units (base 2021=100), marking an increase of 0.7% compared to April 2025.
According to Cyprus News Agency, compared to the corresponding month of the previous year, the index recorded a decrease of 0.2%. For the period January-May 2025, the index also showed a decrease of 0.2% compared to the same period in 2024.
In May 2025, compared to April 2025, the index remained stable in the manufacturing sector, while the electricity supply sector saw a rise of 4.3%. Conversely, decreases were observed in the water supply and materials recovery sector, which fell by 1.7%, and in the mining and quarrying sector, which experienced a slight decline of 0.1%.
When compared to the corresponding month of the previous year, there was a notable increase in the mining and quarrying sector by 7.2% and the manufacturing sector by 1.0%. However, decreases were reported in the water supply and materials recovery sector, which dropped by 9.7%, and in the electricity supply sector, which declined by 3.6%.
Examining the economic activity divisions within manufacturing, May 2025 saw increases in several areas compared to the same month in the previous year. The manufacture of electronic and optical products and electrical equipment rose by 6.7%, while the manufacture of furniture and other related activities increased by 4.0%. The paper and printing sector grew by 3.6%, and the textiles and leather products sector saw a 3.4% rise. Additionally, the manufacture of refined petroleum products and chemicals increased by 2.5%, and the manufacture of machinery and transport equipment rose by 2.0%. Conversely, the manufacture of food products, beverages, and tobacco products experienced a slight decrease of 0.5%.