The industrial turnover index in Cyprus recorded a 1.6 per cent increase in 2024 compared to the previous year, according to a report released this week by the Cyprus Statistical Service.

In December 2024, the index reached 131.7 points, based on the 2021 benchmark, marking a 5.6 per cent rise compared to December 2023.

The manufacturing sector showed notable growth, with the index reaching 136.7 points in December, reflecting a 7.3 per cent increase year-on-year.

Other sectors also recorded gains, with water supply and material recovery growing by 11.5 per cent and the mining and quarrying sector rising by 2.6 per cent.

However, electricity supply experienced a decline of 4.7 per cent.