Cyprus records remarkable 6.7% jump in industrial index

The latest data from the Industrial Turnover Index for September 2023 show an annual increase of 0.6%, reaching 206.6 units (base 2015=100), compared to the figures recorded in September 2022.

According to the Statistical Service of Cyprus over the broader timespan of January to September 2023, the index has registered a notable 6.7% increase when compared to the same period in the previous year.

The Industrial Turnover Index for September 2023 in manufacturing soared to 188.8 units, recording a 5.2% surge compared to the same month in 2022.

In the mining and quarrying sector, the Industrial Turnover Index also witnessed a positive trend, marking a 4.7% increase in September 2023 compared to the corresponding month last year.

However, the electricity supply sector faced a notable decline, recording a decrease of 10.7%. Similarly, the water supply and materials recovery sector also encountered a downturn, with a decrease of 4.0%.