The industrial turnover index in Cyprus recorded a significant increase, reaching 151.8 units in September 2025, reflecting a 5.6 per cent rise compared to the same month in 2024, as reported by the Statistical Service (Cystat).
- For the nine-month period from January to September 2025, the index showed a cumulative increase of 4.2 per cent in comparison to the previous year.
- However, the electricity supply industry faced a setback, with an 8.8 per cent decrease, while water supply and materials recovery experienced a decline of 1.6 per cent.
- In terms of market segments, local turnover increased by 5.9 per cent when compared to September 2024, while export turnover saw a rise of 4.1 per cent.
For the nine-month period from January to September 2025, the index showed a cumulative increase of 4.2 per cent in comparison to the previous year.
Industrial turnover: Manufacturing Sector Thrives
In September, the manufacturing sector alone achieved an index level of 143.4 units, marking an impressive annual growth of 9.6 per cent. This surge was primarily driven by robust performances in several manufacturing categories.
Notable Increases in Key Categories
Among the standout performers, the manufacture of basic metals and fabricated metal products soared by 21 per cent. Similarly, furniture, other manufacturing, and the repair and installation of machinery and equipment saw an increase of 21.4 per cent. Electronic and optical products, along with electrical equipment, experienced remarkable growth of 36.4 per cent, while machinery, motor vehicles, and other transport equipment rose by 20.8 per cent.
Other areas of growth included wood and cork products, which increased by 17.9 per cent, and rubber and plastic products, showing an 8.6 per cent rise. Other non-metallic mineral products also contributed positively with an increase of 8.1 per cent.
Challenges in Specific Industries
Despite the overall positive trends, some sectors faced declines. Textiles, wearing apparel, and leather products saw a downturn of 8.6 per cent, while the refined petroleum, chemicals, and pharmaceutical products category fell by 8.9 per cent. The paper, printing, and related products sector reported only a modest gain of 1.9 per cent.
Year-to-Date Performance
For the January to September 2025 period, the manufacturing sector’s turnover rose by 7.7 per cent compared to the same timeframe in 2024. Mining and quarrying also recorded an impressive increase of 11.5 per cent during this period.
However, the electricity supply industry faced a setback, with an 8.8 per cent decrease, while water supply and materials recovery experienced a decline of 1.6 per cent.
Local vs Export Turnover
In terms of market segments, local turnover increased by 5.9 per cent when compared to September 2024, while export turnover saw a rise of 4.1 per cent.
Understanding the Index
The industrial turnover index, as explained by Cystat, reflects monthly changes in turnover across various sectors including mining and quarrying, manufacturing, electricity supply, water supply, and materials recovery, using 2021 as the base year.
The index indicates that a monthly figure of 112.4 signifies that turnover is 12.4 per cent higher than the average for that year. Data for this index is gathered through telephone and email surveys, typically completed within two months after the end of each reference period. All enterprises with a turnover of €2 million or more, or employing 20 or more persons, are fully covered in the data collection, while smaller enterprises are sampled.
