Industrial Production Index decreased 0.9% in January 2023 compared to the same month in 2022, reaching 120.9 units (base 2015=100). According to data released Thursday by the Statistical Service of Cyprus, the manufacturing sector registered an increase of 5% compared to January 2022. An increase was also observed in the sector of mining and quarrying (26.3%). Negative changes were observed in the sectors of electricity supply (-16.9%) and water supply and materials recovery (-13.9%). In the manufacturing sector, the most significant positive changes compared to January 2022 were observed in the manufacturing of other non-metallic mineral products (35.2%), food products, beverages and tobacco products (7.6%), textiles, wearing apparel and leather products (5.1%) and rubber and plastic products (5.0%). The most significant negative changes were observed in the manufacturing of electronic, optical products and electrical equipment (45.5%) and the manufacturing of wood and products of wood and cork, except furniture (5.6%).
Source: Cyprus News Agency