Cyprus industrial production up 2.7 per cent in May 2024

Industrial production in Cyprus recorded a 2.7 per cent increase year-on-year during May 2024, according to a report released this week by the Cyprus Statistical Service (Cystat).

This rise brought the Industrial Production Index to 113.1 points. Moreover, over the first five months of 2024, the index exhibited a robust 5.3 per cent increase compared to the same period last year.

Delving into the specifics, the manufacturing sector experienced a modest uptick of 2.4 per cent compared to May 2023.