The Index of Industrial Output Prices in Cyprus for August 2025 recorded a decrease of 0.9 per cent, reflecting a notable shift in the economic landscape.
- The Index of Industrial Output Prices in Cyprus for August 2025 recorded a decrease of 0.9 per cent, reflecting a notable shift in the economic landscape.
- However, not all sectors fared well. The manufacture of food products, beverages, and tobacco products reported a slight decline of 0.2 per cent, reflecting challenges in that particular segment.
According to the latest data from the state statistical service, Cystat, the index reached 122.8 units, with 2021 as the base year set at 100 units. This figure remained stable compared to July 2025, indicating a period of relative consistency.
When examining the year-on-year performance, August 2025’s index shows a decline against August 2024. For the period spanning January to August 2025, the index registered a fall of 0.4 per cent compared to the same timeframe in 2024.
Industrial output: Sector-Specific Trends
In terms of sector performances, the manufacturing sector held steady from July to August 2025, showing no change. However, there were fluctuations in other areas. The mining and quarrying sector experienced a notable increase of 0.8 per cent, while the electricity supply rose slightly by 0.1 per cent. Conversely, the water supply and materials recovery sector faced a decrease of 0.2 per cent.
Looking back over the year, a more granular analysis reveals that mining and quarrying surged by 8.6 per cent compared to August 2024, alongside a 1.1 per cent rise in manufacturing. In stark contrast, the electricity supply sector saw a significant decline of 8.2 per cent, while water supply and materials recovery fell by 5.2 per cent.
Manufacturing Insights
Delving deeper into the manufacturing sector, several divisions reported growth when comparing August 2025 with August 2024. The paper and paper products and printing sectors observed an increase of 4.4 per cent, while the manufacture of furniture, other manufacturing, and the repair and installation of machinery and equipment followed closely behind with a rise of 4.3 per cent.
Textiles, wearing apparel, and leather products saw a boost of 2.9 per cent, and electronic and optical products along with electrical equipment increased by 2.6 per cent. Additionally, refined petroleum products, chemicals, and pharmaceutical preparations rose by 2.5 per cent, and machinery and equipment, motor vehicles, and other transport equipment saw a growth of 2.0 per cent.
However, not all sectors fared well. The manufacture of food products, beverages, and tobacco products reported a slight decline of 0.2 per cent, reflecting challenges in that particular segment.
Looking Ahead
The latest figures from Cystat indicate a complex picture for Cyprus’s industrial output. While certain sectors exhibit resilience and growth, others are grappling with declines, highlighting the ongoing adjustments within the economy. Stakeholders will be keenly observing these trends as they unfold, particularly in light of the changing economic conditions and consumer demands.
