Industrial production in Cyprus declined in August 2026

Industrial production in Cyprus experienced a 1.3% decline in August 2026 compared to the same month in 2025, according to data released by the Statistical Service. The Industrial Production Index for August reached 90.9 points, based on a 2021 average of 100. Despite this monthly drop, the cumulative index for the first eight months of 2026 shows an overall increase of 1.2% compared to the same period in 2025.

The decline in August was primarily driven by the manufacturing sector, which saw a 2.5% decrease. Conversely, other sectors recorded growth, including mining and quarrying at 11.0%, water supply and material recovery at 5.7%, and electricity supply at 0.1%. Within the manufacturing industry, positive trends were notable in the production of rubber and plastic products (+7.1%) and wood products excluding furniture (+6.4%), while machinery and equipment manufacturing faced the most significant negative shifts.

This data follows a period of growth observed earlier in the year. The report highlights a mixed performance across various industrial segments, contrasting the downward trajectory in manufacturing with gains in essential resource sectors.