The Industrial Turnover Index in Cyprus recorded a strong rise in March 2025, signalling continued momentum across key sectors of the economy.

According to the Cyprus Statistical Service, the index reached 137.7 units for March, based on 2021 as the reference year, set at 100 points, marking a 5 per cent increase compared to March 2024.

For the first quarter of 2025, covering January to March, the index posted a 5.8 per cent increase relative to the same period in the previous year.

The manufacturing sector led the growth. In March 2025, the Industrial Turnover Index for manufacturing climbed to 138.3 units, representing a 7.2 per cent increase compared to the same month in 2024.

Strong gains were also observed in mining and quarrying, where turnover jumped by 12.5 per cent.

However, not all sectors experienced expansion. The index for the water supply and materials recovery sector recorded a decline of 4.5 per cent in March 2025.

Electricity supply also saw a downturn, with a decrease of 3.3 per cent over the same period. These fluctuations suggest a varied performance across industrial sectors.

Despite pockets of decline, the overall positive trend in turnover indicates resilience and underlying growth potential in Cyprus’ industrial landscape.

The Industrial Turnover Index, compiled monthly by the Cyprus Statistical Service, serves as a key barometer of activity across the island’s industrial sectors, including manufacturing, mining, quarrying, energy supply, and water management.

It reflects the total invoiced sales of industrial enterprises during the reference period.

The manufacturing sector, in particular, continues to be a critical driver of industrial growth in Cyprus.

Its strong performance in March reinforces its role in economic output and export activity.

In contrast, the contraction in electricity supply and water-related services may be linked to seasonal consumption patterns or evolving resource and energy dynamics.

Analysts often view quarterly changes in the index as a reliable signal of short-term trends in domestic production and broader economic stability.

In this context, the first-quarter rise of 5.8 per cent underlines steady industrial expansion despite broader uncertainties in the global economic environment.