Cyprus industrial turnover rises 5% in July 2026 as local market offsets export decline

Nicosia, Cyprus. Cyprus’ Industrial Turnover Index rose by 5 per cent in July 2026 to 168.8 units, as stronger local-market turnover outweighed a sharp fall in exports, according to figures released on Monday by the statistical service (Cystat). The index increased by 3.9 per cent in the first seven months of the year compared with the corresponding period of 2025.

Manufacturing turnover increases

Manufacturing, the largest component of the index, reached 164.5 units in July, recording an annual increase of 4.8 per cent. Turnover in the sector rose by 3.9 per cent during January to July.

The index uses 2021 as its base year, set at 100 units, and measures monthly turnover changes against the average monthly turnover recorded that year.

Electronic and electrical products record strongest growth

Within manufacturing, electronic and optical products and electrical equipment recorded the strongest annual increase. The index reached 187.2 units, with turnover rising by 85.3 per cent in July and by 11.7 per cent over the first seven months of the year.

Furniture, other manufacturing, and the repair and installation of machinery and equipment followed, reaching 190.6 units. Turnover increased by 38.4 per cent in July and by 4 per cent during January to July.

Other manufacturing categories

Textiles, wearing apparel and leather products reached 155.9 units, with turnover growing by 12.1 per cent in July and by 4.3 per cent over the seven-month period.

Wood and products of wood and cork, excluding furniture, stood at 205 units. Turnover rose by 6.2 per cent in July and by 18.2 per cent between January and July.

Other non-metallic mineral products reached 188.6 units, recording an increase of 3.9 per cent in July and 1.9 per cent over the first seven months.

Basic metals and fabricated metal products stood at 184.5 units, with turnover rising by 3.5 per cent in July and by 7.6 per cent during January to July.