Industrial Turnover Index rose 16.4% in February 2023 on an annual basis, reaching 169,6 units (base 2015=100).
According to the Statistical Service of Cyprus, for the period January-February 2023, the index recorded an increase of 17% compared to the corresponding period of the previous year.
In manufacturing, the Industrial Turnover Index for February 2023 reached 166.2 units, recording an increase of 15% compared to February 2022. Increases were also noted in the sectors of electricity supply (6.8%), mining and quarrying (17%) and water supply and materials recovery (2.4%).