Industrial production in Cyprus marked an annual rise of 1.7% in the period of January – November 2022 mainly driven by the manufacture of textiles, wearing apparel and leather products.
According to data released by the Cyprus Statistical Service (Cystat), on Monday, for November the Industrial Production Index reached 131.8 units (base 2015=100), recording an increase of 1.9% compared to November 2021.
The manufacturing sector registered an increase of 3.3% compared to November 2021, while the mining and quarrying sector also rose by 8.5%. Negative changes were recorded in the sectors of water supply and materials recovery with 5.1% and electricity supply with 4.3%.
According to Cystat, for the period of January – November 2022 the most significant positive changes were observed in the economic activities of: manufacturing of textiles, wearing apparel and leather products with an increase of 26.3%, followed by manufacturing of furniture and repair/installation of machinery and equipment with 18.2%, water collection, treatment and supply with 9.6% and the manufacturing of refined petroleum products, chemicals and chemical products and pharmaceutical products and preparations with a rise of 7.5%.
The most significant negative changes were recorded in the manufacturing of electronic and optical products and electrical equipment with 43.5%, basic metals and fabricated metal products 6% and the manufacturing of wood and products of wood and cork, except furniture with 5.3%, Cystat added.