The Index of Industrial Production for March 2020 marked a decrease in an annual basis of 12,7% in March 2020.
According to the Statistical Service of the Republic of Cyprus, the Index in March, the month during which COVID-19 containment measures were introduced in Cyprus, is provisionally estimated to have reached 108,9 units (base 2015=100), recording a decrease of 12,7% compared to March 2019.
For the period January – March 2020, the index showed a decrease of 3,6% compared to the corresponding period of the previous year.
For manufacturing, the index for March 2020 reached 115,4 units, recording a decrease of 13,4% compared to March 2019. For the period January – March 2020, the manufacturing sector showed a decrease of 3,0% compared to the same period of the previous year.