Nicosia, Cyprus. Cyprus’ Industrial Turnover Index rose by 5.6 per cent year-on-year in March 2026, reaching 144.7 units, according to figures released by the Cyprus Statistical Service (Cystat). For the first three months of the year, the index recorded a cumulative increase of 2.8 per cent compared with the corresponding period of 2025.
Index basis and overall performance
The figures are calculated using 2021 as the base year, meaning the index measures monthly turnover changes in relation to the average monthly turnover recorded during that year.
Manufacturing drives increase
The manufacturing sector was the main driver of March’s increase, with its index reaching 148.7 units, reflecting an annual rise of 8.2 per cent. For the period from January to March, manufacturing turnover was up 3 per cent year-on-year.
Strongest-performing manufacturing categories
Within manufacturing, the strongest growth was recorded in the manufacture of wood and products of wood and cork, excluding furniture, where turnover climbed 23.1 per cent in March and 21.5 per cent over the first quarter.
Rubber and plastic products also recorded a strong annual increase of 17.2 per cent in March, while turnover in this category was up 6.4 per cent for January to March.
At the same time, the manufacture of basic metals and fabricated metal products rose by 11.5 per cent in March and by 12.7 per cent over the three-month period.
Food products, beverages and tobacco products also supported the sector’s performance, with turnover increasing by 10.3 per cent in March and by 4.2 per cent in the first quarter.
Further gains were recorded in machinery and equipment, motor vehicles and other transport equipment, where turnover rose by 9.3 per cent in March and by 6.5 per cent in January to March.
Non-metallic mineral products
The manufacture of other non-metallic mineral products increased by 6 per cent in March, although it remained down 1.8 per cent for the first quarter.
