Cyprus employment fell by 1.5% to 39,100 persons employed

Employment in the broad industrial sector decreased in 2020 by 1.5% to 39,100 compared to 39,700 in 2019, according to the results of the Survey on Industrial Production 2020, published by the Cyprus Statistical Service on Monday. Production value at current prices also recorded a decrease of 5.2% to €4,719.2 million in 2020 compared to €4,976.8 million in 2019.

The survey shows that in manufacturing, employment reached 34,500, in mining and quarrying 500, in electricity supply 2,200 and in water supply, sewerage and waste management 1,900 persons.

Additionally, in the whole industrial sector, production value at current prices recorded a decrease of 5.2% to €4,719.2 million in 2020 compared to €4,976.8 million in 2019. In manufacturing, production value decreased by 2.2% to €3,586.1 million, in mining and quarrying by 3.4% to €66 million, in electricity supply by 17.4% to €740.4 million and in water supply, sewerage and waste management by 5.3% to €326.7 million.

Moreover, value-added at current prices decreased by 4.3% in the whole industry and reached €1,751.1 million in 2020 compared to €1,830.2 million in 2019. In manufacturing, value-added decreased by 1.9% to €1,318.7 million, in mining and quarrying by 5% to €26 million and in electricity supply by 19% to €245 million. On the contrary, water supply, sewerage and waste management value-added increased by 3.2% to €161.3 million.