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CyStat: Most important economic developments of the year so far

CyStat has released its bimonthly bulletin “Monthly Economic Developments” presenting the most important economic developments in the Cyprus economy of the year up to August 2025.

Manufacturing Production during the period January-July 2025 recorded an increase of 3.5% compared to January-July 2024.

The total area of Building Permits Authorised reached 1,426,300 square metres during the period January-June 2025, recording a decrease of 12.4% compared to January-June 2024.

Regarding Registrations of Motor Vehicles, they increased by 0.8%, reaching 34,668 during the period January-August 2025. Private saloon cars decreased to 22,.750, recording a decrease of 3.4% and light goods vehicles increased to 3,152 recording a rise of 2.6% compared to January-August 2024.

The Consumer Price Index increased by 0.5% during the period January-August 2025, compared to the corresponding period of the previous year.

Moreover, the total Imports of Goods reached €8,884.6m during the period January–August 2025, recording an increase of 14.2% and total Exports of Goods reached €3,729.2m, recording also an increase of 2.8%.

The Arrivals of Tourists totaled 3,034,155 during the period January-August 2025, compared to 2,758,627 in the corresponding period of 2024, recording an increase of 10.0%. 

The bulletin also includes comparative data for the last four years, which were available until 16 October 2025.

Meanwhile, to mark World Statistics Day, celebrated every five years, the Statistical Service said that the celebration will be observed for the fourth time on 20 October 2025, highlighting the importance of quality statistics and data in today’s world.

The Statistical Service of Cyprus said it “reaffirms its commitment to ensuring the quality, independence and transparency of the data it produces”, adding that "CyStat continues to invest in innovative technologies and methods, such as artificial intelligence and the use of new data sources, to respond to the growing needs of users and to promote statistical literacy”.

Active public engagement, continuous communication with users and strengthening trust in official statistics remain top priorities for the Statistical Service, it concludes.

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