Economy category powered by

Industrial Production up by an annual 6.1% in June

The Industrial Production Index rose by an annual 6.1% in June driven mainly by the annual gains in electricity production, data released by CySTAT show.

In June 2024 the Index reached 117.3 units (base 2021=100).

For the period of January – June 2024, the index recorded an increase of 5.5% compared to the corresponding period of the previous year, CyStat added.

The manufacturing sector registered an increase of 2.1% compared to June 2023 while an increase was also observed in the sectors of electricity supply by 33.7%), mining and quarrying by 3.3% and water supply and materials recovery by 2.9%.

(Source: CNA)

Read More

Tango CFO Nati Toledo: Headquartering in Cyprus was the right decision
George Campanellas on the many attractive sectors for investment on offer in Cyprus
Demetris Tsiakkis: Cyprus’ real estate market exceeded €4b in 2024
George Chrysochos: Investments in urban apartments have the best returns
Alkis Simopoulos on the ease of doing business Cyprus
Panel discussion highlights Cyprus as a premier destination for High Net Worth Individuals
Alpha Bank's Kyriacos Michaelides highlights Cyprus as a destination for Affluent & HNWIs
Chief Scientist presents Cyprus as a growing hub for technology, innovation and digital transformation
Kornilios Korniliou: The 7th Doing Business in Cyprus Summit "underscores the immense potential of our bilateral relations"
Marios Tannousis: 2023 and 2024 were record years for foreign direct investment in Cyprus