Cyprus’ industrial output prices have edged up, with the index reaching 122.1 units in January 2026, reflecting a marginal annual increase of 0.2 per cent, as reported by the state statistical service, Cystat.
This figure, which uses 2021 as a base year of 100 units, represents a slight monthly decrease of 0.6 per cent from December 2025. The drop is largely attributed to a significant decline in the electricity supply sector, which saw prices fall by 4.4 per cent.
Despite this downturn, several sectors contributed positively to the index during January. The water supply and materials recovery segment experienced a 1.9 per cent increase compared to the previous month. Additionally, the mining and quarrying sector recorded a modest rise of 0.4 per cent, while manufacturing prices increased by 0.2 per cent.
Industrial output: Year-on-Year Changes Highlight Sector Variances
When examining the annual performance against January 2025, the mining and quarrying sector stood out with a remarkable growth of 7.9 per cent. This was followed by the water supply and materials recovery sector, which grew by 0.9 per cent year-on-year. The manufacturing industry also saw a price rise of 0.6 per cent, indicating some resilience amidst broader market fluctuations.
However, the overall index was impacted negatively by the electricity supply sector, which recorded an annual price decrease of 2.1 per cent. This decline underscores the ongoing challenges faced within this critical area of the economy.
Manufacturing Sector Highlights Notable Increases
Delving deeper into the manufacturing sector, specific divisions demonstrated significant price hikes over the past year. The electronic and optical products and electrical equipment segment recorded a notable increase of 5.0 per cent, indicating strong demand and market growth. Close behind, the furniture and other manufacturing, along with the repair and installation of machinery and equipment sector, saw an annual increase of 4.3 per cent.
Additionally, prices for the manufacture of machinery, motor vehicles, and other transport equipment also rose, albeit at a lower rate of 1.6 per cent compared to January 2025. Other non-metallic mineral products noted a rise of 0.8 per cent, while the refined petroleum, chemicals, and pharmaceutical products sector experienced a slight increase of 0.6 per cent.
Challenges in the Food and Metal Production Sectors
Not all sectors shared in the positive trends. The basic metals sector and the manufacture of food products, beverages, and tobacco products both recorded declines, with a decrease of 0.3 per cent noted for each. These figures highlight the varied landscape of industrial output prices across different sectors, revealing both growth opportunities and ongoing challenges.
As Cyprus navigates these fluctuations in industrial output prices, the data from January 2026 offers a glimpse into the complexities of its economic landscape. The interplay between rising costs in certain sectors and declines in others will be pivotal as businesses and policymakers adapt to these changes.
