Annual Change +1.7%
The Industrial Production Index for the month of May 2025 reached 113.7 points (base 2021=100), recording an increase of 1.7% compared to May 2024. During the period January-May 2025, the index showed an increase of 3.4% compared to the corresponding period of the previous year.
In the manufacturing sector, an increase of 1.0% was observed compared to May 2024. An increase was also recorded in the sectors of mining and quarrying (+19.3%) and water supply and material recovery (+12.4%). A negative change was recorded in the electricity supply sector (-1.2%).
In the manufacturing sector, the most significant positive changes compared to May 2024 were recorded in the following economic activities: manufacture of electronic and optical products and electrical equipment (+8.7%), manufacture of rubber and plastic products (+8.0%) and wood industry and manufacture of wood and cork products, except furniture (+7.1%). The most significant negative changes were observed in the activities of paper and paper and printing products (-10.7%) and production of petroleum refining products, chemicals and products and pharmaceuticals and preparations (-5.8%).
Comparing the rates of change for the period January-May 2025 with the corresponding period of the previous year, the most significant increases are observed in the manufacture of electronic and optical products and electrical equipment (+13.5%), in the collection, treatment and supply of water (+10.4%), in the manufacture of other non-metallic mineral products (+8.7%), in mines and quarries (+7.9%) and in the wood industry and manufacture of wood and cork products. except furniture (+7.2%). The only activities in which there were decreases in production compared to the period January-May 2024 were those of the manufacture of paper and paper and printing products (-14.4%), the manufacture of textiles, clothing and leather goods (-2.3%), the manufacture of petroleum refining products, chemicals and products and pharmaceutical products and preparations (-1.4%) and the manufacture of machinery and equipment, motor vehicles and other transport equipment (-0.9%).
| Table | ||||
| Code (NACE Rev. 2) | Economic activity | Index (2021=100) | Percentage change (%) | |
| May 2025 | May 2025/2024 | Jan-May 2025/2024 | ||
| B | MINING AND QUARRYING | 132,4 | 19,3 | 7,9 |
| C | PROCESSING | 116,8 | 1,0 | 2,9 |
| 10+11+12 | Food, Beverages | 121,0 | 0,9 | 2,7 |
| 13+14+15 | , Clothing and Leather Goods | 143,8 | -0,8 | -2,3 |
| 16 | Wood Industry and Manufacture of Wood and Cork Products, except Furniture | 120,8 | 7,1 | 7,2 |
| 17+18 | Paper Manufacturing and Paper and Printing | 82,8 | -10,7 | -14,4 |
| 19+20+21 | Production of Petroleum Refining Products, Chemicals and Products and Pharmaceutical Products and Preparations | 114,5 | -5,8 | -1,4 |
| 22 | Manufacture of Products from Rubber and Plastics | 122,3 | 8,0 | 5,7 |
| 23 | Manufacture of other non-metallic mineral products | 118,4 | 3,1 | 8,7 |
| 24+25 | of Base Metals and Manufacture of Metal Products | 113,1 | 3,3 | 2,2 |
| 26+27 | Manufacture of Electronic and Optical Products and Electrical Equipment | 98,4 | 8,7 | 13,5 |
| 28+29+30 | Manufacture of Machinery and Equipment, Motor Vehicles and Other Transport | 135,9 | -2,2 | -0,9 |
| 31+32+33 | Furniture Manufacturing, Other Manufacturing Activities and Repair and Installation of Machinery and Equipment | 114,6 | 1,1 | 3,2 |
| D | POWER | 82,9 | -1,2 | 3,8 |
| E | WATER SUPPLY AND MATERIAL | 145,2 | 12,4 | 7,7 |
| 36 | Water Collection, Treatment and Supply | 153,9 | 9,9 | 10,4 |
| 38.3 | Material Recovery | 135,9 | 15,7 | 4,6 |
| B+C+D+E | GENERAL INDEX | 113,7 | 1,7 | 3,4 |
Methodological Information
Purpose
The Industrial Production Index expresses the monthly change in the volume of production in the sectors of mining and quarrying, manufacturing, electricity supply, water supply and material recovery, i.e. in sectors B, C, D and E of the NACE Rev. 2 of the European Union (EU). The indicator does not include wastewater treatment, waste collection, treatment and disposal and remediation activities, i.e. codes 37, 38.1, 38.2 and 39 of Sector E.
Data Collection
The data is collected by the Statistical Service, either by telephone interviews or by e-mail. The collection begins five to ten days after the end of the period under consideration and is usually completed within a month and a half. In the mining and quarrying sector, the main quarry products are covered, but not the supporting activities for the extraction of natural gas. In manufacturing, all enterprises with a production value of 2,000,000 euros or more or employing 20 or more people are covered, while a sample is taken from the smaller enterprises. For the supply of electricity and the collection, treatment and supply of water, data are obtained from administrative sources.
Calculation Method and Publishing Practices
The Industrial Production Index is based on 2021, i.e. it shows the monthly change in production compared to the monthly average of production in 2021. In the base year, the average of the Production Indices for the twelve months is 100.0. For example, if the Production Index for a month is 103.4, this means that the production for that month increased by 3.4% compared to the average monthly production of 2021.
For the compilation of the total Industrial Production Index, the weighted average of the individual indicators for the various branches of industry, as defined in the NACE Statistical Classification of Economic Activities, is calculated. 2. The factors used for the weighting come from the value added of the production of enterprises in the base year (2021) and reflect the added value of each subsector in relation to the total value added of the Industry sector.
The compilation of the Industrial Production Index is carried out in the context of the implementation of Regulation (EU) 2019/2152 on European business statistics. The Index is sent every month to the Statistical Office of the European Union (Eurostat) and in corrected form (with seasonal correction and correction based on the number of working days). No corrections are made for publication at national level.
For more information, interested parties can visit the Statistical Service Portal, Industry subtopic, CYSTAT-DB (Database), Predefined Tables (Excel), Methodological Information or contact Ms. Elizabeth Zenonos by phone at 22602187 or by e-mail at ezinonos@cystat.mof.gov.cy or with Mr. Charalambos Alkiviados by phone at 22602189 or by e-mail at calkiviadous@cystat.mof.gov.cy.
Data for base year 2021=100 are only available in the CYSTAT-DB Database.
