industrial output — The Index of Industrial Output Prices in Cyprus fell by 1 per cent in July 2025, marking a notable shift in the economic landscape as the index stood at 122.8 units, based on 2021 as the reference year.
According to the Statistical Service (Cystat), this decline represents a 0.2 per cent decrease from June 2025 and a sharper drop of 1 per cent compared to July 2024. The data reveals an ongoing trend, with a 0.3 per cent decrease recorded from January to July 2025 compared to the same period last year.
Industrial output: Sector Performance in July
Breaking down the performance by sector for July, mining and quarrying remained stable compared to the previous month. In contrast, there were declines in several areas: electricity supply fell by 0.6 per cent, water supply and materials recovery decreased by 0.2 per cent, and manufacturing saw a slight dip of 0.1 per cent.
Year-on-Year Changes Highlight Mixed Trends
Year-on-year comparisons reveal a more complex picture. Mining and quarrying experienced a significant increase of 7.7 per cent, while manufacturing also recorded a rise of 1.1 per cent. However, the electricity supply sector faced a considerable decline of 8.3 per cent, and water supply and materials recovery fell by 7.1 per cent.
Manufacturing Sectors Note Growth
Diving deeper into manufacturing, July 2025 showed positive growth in several divisions compared to the same month in the previous year. The manufacture of paper and paper products, along with printing, rose by 4.4 per cent. Additionally, the production of furniture, other manufacturing, and the repair and installation of machinery and equipment increased by 3.9 per cent.
Textiles, wearing apparel, and leather products saw a boost of 2.9 per cent, while electronic and optical products, as well as electrical equipment, grew by 2.8 per cent. Furthermore, refined petroleum products, chemicals, and pharmaceuticals increased by 2.5 per cent, and machinery, motor vehicles, and other transport equipment recorded a rise of 2 per cent.
