Nicosia, Cyprus. Cyprus’ economy showed mixed but generally positive developments in early 2026, with gains in construction, tourism, and vehicle registrations offset by declines in trade, according to the state statistical service Cystat.
Cystat bimonthly bulletin
Cystat reported the findings in its bimonthly bulletin covering January to February 2026, which includes key economic indicators and comparative data for the past four years. The bulletin provides an overview of the economy’s latest performance up to February 2026, based on data available as of mid-April.
Manufacturing and construction
Manufacturing production rose by 1.5 per cent in January 2026 compared with the same month a year earlier. In construction, the total area of authorised building permits reached 3,274,200 square metres in 2025, an increase of 41.0 per cent compared with 2024.
Vehicle registrations
Total motor vehicle registrations increased by 15.1 per cent to 9,020 units during January to February 2026. Private saloon car registrations rose to 6,381 units, up 16.2 per cent year-on-year, while light goods vehicle registrations climbed to 919 units, an increase of 18.7 per cent compared with the same period of 2025.
Inflation and external trade
The consumer price index increased by 0.3 per cent during the first two months of 2026 compared with the corresponding period of the previous year. Total imports of goods fell to €2.1 billion, down 4.5 per cent year-on-year.
How do you think the rise in construction and vehicle registrations will affect Cyprus’ economy in 2026?