The expansion of operations in the Manufacturing, Mining, Quarrying, and Electricity Supply sectors has led to a substantial increase of more than 7% in the turnover of the industrial sector in April 2023, according to data released on Wednesday by the Statistical Service of Cyprus. Specifically, in April 2023, the Industrial Turnover Index reached 175.3 units (base year 2015=100), marking a 7.2% increase compared to April 2022. For the period of January to April 2023, the index showed a growth of 14.0% compared to the corresponding period of the previous year. According to the Statistical Service, in the manufacturing sector, the index reached 180.1 units in April 2023, indicating a 7.8% increase compared to April 2022. There was also an increase in the mining and quarrying sector by 21.1% and electricity supply by 10.1%. In contrast, the water supply and waste management sector decline 21.2% compared to April 2022.
Source: Cyprus News Agency