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Industrial turnover up 21% in the first half of the year

06/09/2022 07:50

Industrial turnover recorded a significant increase of more than 21% in the first half of 2022, compared to the same period last year, with the largest increase recorded in the electricity supply sector by 63.2% and water supply and materials recovery by 33.9%

According to Cyprus Statistical Service, for the period January-June 2022, the Index of Turnover in Industry showed an increase of 21.4% compared to the same period in 2022.

In the first half of the year, the manufacturing sector recorded an increase of 14.3% compared to the first half of 2021. Increases were also recorded in electricity supply by 63.2%, water supply and materials recovery by 33.9% and mining and quarrying by 4.1%.

In addition, in June 2022 the Industrial Turnover Index reached 186.5 points (base 2015=100), an increase of 19.8%, compared to June 2021.

In the manufacturing sector, in June 2022 the index reached 182.5 points, an increase of 11.7% compared to June 2021.

Increases were also recorded in the electricity supply by 71.2%, water supply and materials recovery by 24.8% and mining and quarrying by 13.9%.