Industrial production accelerates by an annual 9.3% in January – August

Industrial production marked an increase of 9.3% in the period of January – August 2021 compared with the respective period of last year, the Statistical Service of Cyprus (Cystat) has said.

According to Cystat, in August 2021 in August 2021, the Industrial Production Index reached 117.1 units (base 2015=100), recording an increase of 8.6% compared to August 2020.

Manufacturing rose by annual of 3.6% in August 2021, while annual gains were registered in water supply and materials recovery with a significant 46% and electricity supply with 15.8%). Manning and quarrying declined by 1.5%, Cystat added.

In the manufacturing sector, the most significant positive changes compared to August 2020 were observed in the manufacturing of furniture, other manufacturing and repair/installation of machinery and equipment with 32.7%), followed by electroni

Source: Cyprus News Agency