Nicosia: The Industrial Production Index recorded an increase of 3.4% for the period January – May 2025, compared to the corresponding period of the previous year, according to data published by the Statistical Service on Wednesday.
According to Cyprus News Agency, comparing the rates of change for the period January – May 2025 against the corresponding period of the previous year, the most significant increases were observed in the manufacturing of electronic and optical products and electrical equipment (+13.5%), water collection, treatment and supply (+10.4%), the manufacturing of other non-metallic mineral products (+8.7%), mining and quarrying (+7.9%), and wood and products of wood and cork, except furniture (+7.2%).
The only activities where decreases in production were registered compared to the period January – May 2024 were those relating to the manufacturing of paper and paper products and printing (-14.4%), the manufacturing of textiles, wearing apparel and leather products (-2.3%), the manufacturing of refined petroleum products, chemicals and chemical products and pharmaceutical products and preparations (-1.4%), and the manufacturing of machinery and equipment, motor vehicles, and other transport equipment (-0.9%).
In May 2025, the Industrial Production Index reached 113.7 units (base 2021=100), recording an increase of 1.7% compared to May 2024. The manufacturing sector registered an increase of 1% compared to May 2024. An increase was also observed in the sectors of mining and quarrying (19.3%) and water supply and materials recovery (12.4%). A negative change was observed in the electricity supply sector (-1.2%).
In the manufacturing sector, the most significant increases compared to May 2024 were observed in the manufacturing of electronic and optical products and electrical equipment (8.7%), rubber and plastic products (8%), and wood and products of wood and cork, except furniture (7.1%). The most important drops were observed in the manufacturing of paper and paper products and printing (-10.7%) and refined petroleum products, chemicals and chemical products and pharmaceutical products and preparations (-5.8%).