Economy category powered by

Industrial Turnover Index down 3.3% in May 2024

07:44 - 06 August 2024

Economy Reporter

In May 2024, the Industrial Turnover Index reached 133.8 units (base 2021=100), recording a decrease of 3.3% compared to May 2023, according to data published by CySTAT.

In manufacturing, the Industrial Turnover Index for May 2024 reached 132.9 units, recording a decrease of 2.4% compared to May 2023. Decreases were also recorded in the sectors of electricity supply (-9.9%) and mining and quarrying (-2.9%). An increase was noted in the sector of water supply and materials recovery (+9.6%).

For the period January – May 2024, the index recorded an increase of 1.8% compared to the corresponding period of the previous year.

(Source: CNA)

News Feed

All News

Read More

Bank of Cyprus follows ECB's lead and reduces interest rate on loans by 0.60%
Upgrading maritime education of primary importance, Deputy Minister says
President Christodoulides sees progress in GSI talks and interest from other countries
January-August 2024: Highest passenger traffic ever recorded in Cypriot airports
Israel's Energy Minister Eli Cohen emphasises GSI project's importance to country
Michalis Panayides: Acquisitions and mergers are a new trend in the supermarket industry
Government employment up 3.9% in January-August 2024
The local business sectors with the highest unemployment
Theodoros Skylakakis: Work on the electrical interconnection will continue, the meeting was constructive
George Papanastasiou: Work must continue on the electrical interconnection