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2025.08.2809:27:19UTC+00Cyprus Industrial Output Growth Slows Further in June

In June 2025, Cyprus experienced a 0.8% increase in industrial production compared to the same month the previous year. This growth rate, down from a 2.2% increase in May, was the slowest since a contraction was observed in November 2024. The deceleration was primarily due to a significant downturn in mining and quarrying activities, which grew by only 9.6% compared to 19.3% in May. Additionally, growth in water supply and materials recovery sectors decreased to 6.4% from 11.9% previously, while the electricity supply sector saw a further decline of 18.2%, worsening from a 1.2% reduction in the prior month. Conversely, manufacturing output showed improvement, rising to 4% from 1.7% in May.

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