Economy category powered by

Industrial turnover up 1.6% in 2024

The Industrial Turnover Index recorded a 1.6% increase in 2024 compared to the previous year, according to Cystat.

In December 2024, the index reached 131.7 points (base year 2021=100), marking a 5.6% year-on-year rise from December 2023.

In the manufacturing sector, the index stood at 136.7 points in December 2024, reflecting a 7.3% annual increase. Growth was also recorded in water supply and materials recovery (11.5%) and mining and quarrying (2.6%). In contrast, the electricity supply sector saw a 4.7% decline.

Read More

We enjoy a very strong relationship with Cyprus, advisor to Qatari Prime Minister says
Cyprus expects competent agency to implement GSI, Energy Minister says
Cypriots see business opportunities but fear failure, according to survey
Industrial production up 4.3% y-o-y in first two months of 2025
Tourism revenues are soaring: 35% increase to €148.9m in the first two months of 2025
Petroleum product sales down by 2.3% in Q1
Proper management leads to opportunities in digital era, Labour Inspection Department says
ACTTA President Charis Papacharalambous on how Cyprus can become a year-round destination
Cyprus economic outlook positive but slowing, according to CCLEI index
Stelios Demetriou: Multi-level benefits from Cyprus's accession to the Schengen Zone