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

The AfroBanana Festival evolves and takes the stage at the Nicosia Municipal Theatre
Hellenic Bank and Eurobank Cyprus becoming one and reshaping the banking map
Find out about what Cyprus has to offer at the "3rd Cyprus International Technology Relocation Summit"
AEGEAN cancels its flights to and from Tel Aviv, issues instructions for affected passengers
Hermes Airports issues update on flight cancellations and diversions
CPDA submits draft law for the establishment of the profession of Property Developer
Reinventing Media: The New Rules of Growth & Sustainability
Wizz Air suspends flights to and from Tel Aviv
Flights between Cyprus and Israel airports canceled, flights diverted from Europe and America
Marios Tannousis: Investopia Global Mediterranean Forum highlighted Cyprus' role in the region's investment events