Economy category powered by
Industrial turnover index down by 5.6% in November 2024
08:22 - 06 February 2025
The industrial turnover index reached 125.3 units (base 2021=100) in November 2024, recording a decrease of 5.6% compared to November 2023, according to data published by CySTAT.
It is noted that a month-long strike at the ready-mix concrete sector took place during November.
In manufacturing, the industrial turnover index for November 2024 reached 124.6 units, recording a decrease of 2.5% compared to November 2023. Decreases were also recorded in the sectors of mining and quarrying (-24%) and electricity supply (-18.8%).
An increase was noted in the sector of water supply and materials recovery (4.7%).
For the period January – November 2024, the index recorded an increase of 1.2% compared to the corresponding period of the previous year.
(Source: CNA)
News Feed
4 hours, 21 minutes ago Companies
Progress in Motion: The Proposed Mall of Limassol is a planned development that will reshape the city’s future4 hours, 26 minutes ago Opinion
Driving Growth: How Cyprus’ real-estate is shaping a greener, smarter economy5 hours, 42 minutes ago Economy
Edward Farquharson on the importance of contract management in PPPs5 hours, 49 minutes ago Economy
Lucia Fuselli on what needs to be taken into account for successful public-private partnerships6 hours, 1 minute ago Economy
Thibaut Mourgues: Cyprus should create a PPP strategy based on existing successful models6 hours, 9 minutes ago Economy
Michael McVeigh: PPP stakeholders should never lose sight of their overall responsibility to society6 hours, 17 minutes ago Economy
Nayef S. Alhaddad: One single agency should coordinate PPP projects