Industrial sector employment increased in 2015

Employment in the broad industrial sector increased in 2015 by 1.3% to 32.1 thousand compared to 31.6 thousand in 2014, the Statistical Service of the Republic of Cyprus announced.

According to the main results of the annual Industrial Production Survey for 2015, in manufacturing employment reached 27.9 thousand, in mining and quarrying 0.4 thousand, in electricity supply 2.1 thousand and in water supply, sewerage and waste management 1.6 thousand persons.

In the whole of the industrial sector value of production at current market prices recorded a decrease of 2.6% to Euros 3,599.4 million in 2015 compared to Euros 3,694.5 million in 2014. In manufacturing value of production increased by 2% to Euros 2,569.0 million and in mining and quarrying by 16.5% to Euros 98.4 million.

On the other hand, value of production decreased in electricity supply by 18.6% to Euros 659.9million and in water supply, sewerage and waste management by 3.2% to Euros 272.1million.

Value added at current market prices rose by 7% in the total of industry and reached Euros 1,374.4 million in 2015 compared to Euros 1,283.9 million in 2014. In manufacturing value added increased by 7.5% to Euros 909.5 million, in mining and quarrying by 16.8% to Euros 28.9 million and in electricity supply by 8.9% to Euros 297.2 million.

On the contrary, in water supply, sewerage and waste management value added decreased marginally by 0.9% to Euros 138.8million.

Source: Cyprus News Agency