Economy category powered by

Industrial sector turnover surges 7% in April

08:15 - 06 July 2023

Economy

An expansion of operations in the Manufacturing, Mining, Quarrying, and Electricity Supply sectors led to a substantial increase of more than 7% in the industrial sector’s turnover in April 2023, according to Cystat.

The Industrial Turnover Index in April reached 175.3 units (base year 2015=100), marking a 7.2% increase compared to same month in 2022.

In January-April 2023, the index showed a growth of 14.0% compared to the corresponding period of the previous year.

In the manufacturing sector, the index reached 180.1 units, indicating a 7.8% increase compared to April 2022.

There was also an increase in the mining and quarrying sector by 21.1% and electricity supply by 10.1%.

In contrast, the water supply and waste management sector declined 21.2% compared to April 2022.

News Feed

Read More

Retail trade up 5.6% in both value and volume in March
Cyprus records €580.6m budget surplus in Q1 2025
Deadline for submission of income tax return for individuals on 31 July
EU report reveals Cyprus has highest share of online clothes shoppers and social media users
We enjoy a very strong relationship with Cyprus, advisor to Qatari Prime Minister says
Cyprus expects competent agency to implement GSI, Energy Minister says
Cypriots see business opportunities but fear failure, according to survey
Industrial production up 4.3% y-o-y in first two months of 2025
Tourism revenues are soaring: 35% increase to €148.9m in the first two months of 2025
Petroleum product sales down by 2.3% in Q1