Industrial turnover grows 4.4% YoY in June

Industrial Turnover Index in June 2023 has increased by 4.4% to 194.3 units (base 2015=100), compared to June 2022, according to data released Tuesday by the Statistical Service of Cyprus.

The Index has registered a substantial increase of 10.5% for the first half of 2023 compared to the same period in the previous year.

In June 2023, the Industrial Turnover Index for manufacturing reached 199.1 units, showcasing a remarkable year-on-year growth rate of 9.2%.

The mining and quarrying sector has also experienced a significant boost, with the Industrial Turnover Index recording an 23.5% increase compared to June 2022.

Furthermore, the water supply and materials recovery sector showed a more modest increase of 1.1%.

However, the electricity supply sector faced challenges in June 2023, with the Industrial Turnover Index indicating a notable decline of 15.8%

Source: Cyprus News Agency