Cyprus industrial turnover rises 4.1 per cent in January

Cyprus recorded a 4.1 per cent annual increase in its industrial turnover index in January 2026, according to figures released on Friday by the Cyprus statistical service (Cystat), with manufacturing, electricity and water supply all posting gains at the start of the year. 

The index, which uses 2021 as a base year of 100, reached 136.1 units in January, compared with the same month a year earlier.

For the whole of 2025, the index had risen by 5.1 per cent against 2024, Cystat reported.

Manufacturing, which remains the main driver of industrial activity, saw its index reach 133.7 units in January 2026, marking a 3.3 per cent increase year-on-year.  

At the same time, electricity supply recorded a stronger rise of 9 per cent, while water supply and materials recovery rose by 6.2 per cent.

Mining and quarrying, by contrast, fell by 10.1 per cent compared with January 2025.

Within manufacturing, the strongest annual increase was recorded in the manufacture of basic metals and fabricated metal products, which rose by 34.4 per cent to 171.3 units.

This was followed by machinery and equipment, motor vehicles and other transport equipment, up 31.1 per cent to 154.7 units, and wood and wood and cork products, which climbed 29.9 per cent to 161.2 units.

Solid gains were also recorded in materials recovery, up 16.8 per cent to 109.2 units, while refined petroleum products, chemicals and pharmaceutical products increased by 7.1 per cent to 139.4 units.  

In addition, rubber and plastic products rose by 5 per cent to 115.8 units, textiles, wearing apparel and leather products increased by 2.7 per cent to 94 units, water collection, treatment and supply edged up 0.7 per cent to 160.9 units, and food, beverages and tobacco products posted a more modest rise of 0.6 per cent to 122.3 units. 

In contrast, electronic and optical products and electrical equipment registered the sharpest drop, falling 30.3 per cent to 103.5 units.  

Furniture, other manufacturing and repair and installation of machinery and equipment declined by 26.1 per cent to 119.8 units, while paper and paper products and printing fell by 6.6 per cent to 93.1 units.

Other non-metallic mineral products also slipped, down 2.6 per cent to 148.6 units.

The figures also showed a split between domestic and external demand.

The local market index rose by 6.1 per cent to 140.1 units, while the export market index fell by 6.9 per cent to 115.4 units in January.

Looking at the full-year 2025 performance by sector, mining and quarrying recorded the strongest increase at 13.9 per cent, followed by manufacturing at 8.3 per cent.  

By contrast, electricity supply fell by 7.6 per cent, while water supply and materials recovery declined by 2.2 per cent over the year. 

Among manufacturing subsectors for the full year, wood and cork products rose 17.9 per cent, basic metals and fabricated metal products increased 17.7 per cent, and other non-metallic mineral products gained 15.6 per cent.  

These were followed by furniture and repair activities at 12.1 per cent, electronic and optical products and electrical equipment at 9.7 per cent, rubber and plastic products at 7.5 per cent, machinery and transport equipment at 5 per cent, and food, beverages and tobacco at 4.1 per cent.  

More limited increases were recorded in refined petroleum, chemicals and pharmaceuticals at 2.6 per cent, while textiles, wearing apparel and leather products fell 1 per cent and paper and printing dropped 3.1 per cent.