Economic indicators increase from January to October 2024

08:15 - 13 December 2024

Economy Reporter

CySTAT recorded an increase in several economic indicators in its bimonthly 'Monthly Economic Developments' bulletin for the period January-October 2024.

In particular, it is stated that the manufacturing production in the period January-September 2024 recorded an increase of 3.3% compared to the period January-September 2023.

Similarly, the total area of authorised building permits reached 1,627.5 thousand square meters in the January-June 2024 period, an increase of 46.5% compared to the same period last year.

Regarding the total motor vehicle registrations, it is noted that they recorded an 11.5% increase, reaching 42,930 during the January-October 2024 period. More specifically, private saloon cars increased to 29,588, recording a rise of 15.8%, and light trucks increased to 3,855, recording a rise of 34.2% compared to the January-October 2023 period.

Furthermore, it is stated that tourist arrivals amounted to 3,727,196 in the period January-October 2024, compared to 3,562,417 in the corresponding period of 2023, recording an increase of 4.6%.

An exception to the aforementioned trends concerned the total imports of goods, which amounted to €9,758.1 million for the period January-October 2024, recording a decrease of 12.3%, and the total exports of goods, which amounted to €3,383.7 million, also recording a decrease of 5.3%.

CySTAT also provides data on the Consumer Price Index, which, as noted, increased by 1.8% in the January-October 2024 period, compared to the same period last year.

(Source: CNA)

Economic indicators increase from January to October 2024

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