Cyprus’ Industrial Turnover Index rose by 5 per cent in July 2026, reaching 168.8 units, as stronger turnover in the local market outweighed a sharp fall in exports, according to figures released on Monday by the statistical service (Cystat). 

For the first seven months of the year, the index increased by 3.9 per cent compared with the corresponding period of 2025.  

The figures are calculated using 2021 as the base year, set at 100 units, meaning the index measures monthly turnover changes against the average monthly turnover recorded during that year.  

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 was also up 3.9 per cent during the January to July period.  

Within manufacturing, the strongest annual increase was recorded in electronic and optical products and electrical equipment, where the index reached 187.2 units and turnover jumped by 85.3 per cent in July. The category was also 11.7 per cent higher 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, with turnover rising by 38.4 per cent in July and by 4 per cent during the January to July period.  

Meanwhile, textiles, wearing apparel and leather products reached 155.9 units, recording growth of 12.1 per cent in July, while turnover increased by 4.3 per cent over the seven-month period. 

Wood and products of wood and cork, excluding furniture, stood at 205 units, rising by 6.2 per cent in July. However, the category recorded a much stronger 18.2 per cent increase between January and July. 

Other non-metallic mineral products reached 188.6 units, increasing by 3.9 per cent in July and by 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. 

Food products, beverages and tobacco products reached 152.6 units, recording a more limited increase of 1.4 per cent in July, while turnover was up 2.9 per cent over the seven-month period. 

Rubber and plastic products stood at 160.6 units, increasing by 1.5 per cent during the month and by 2.2 per cent between January and July.  

However, several manufacturing categories recorded declines in July. 

Machinery and equipment, motor vehicles and other transport equipment posted the largest fall, with the index standing at 159.5 units and turnover down 13.2 per cent compared with July 2025. The category was also 1.1 per cent lower over the first seven months of the year. 

Turnover in refined petroleum products, chemicals, chemical products and pharmaceutical products and preparations fell by 10.1 per cent in July, with the index reaching 133.3 units. The category was also 0.3 per cent lower during January to July. 

Paper and paper products and printing stood at 113.3 units, falling by 4.2 per cent in July and by 2.7 per cent over the seven-month period.  

Outside manufacturing, water supply and materials recovery recorded the strongest annual increase, with the index reaching 174.6 units and turnover rising by 16 per cent in July. The sector was 12.8 per cent higher during the January to July period. 

More specifically, materials recovery reached 162.2 units, increasing by 20.3 per cent in July and by 24.1 per cent over the first seven months. 

Water collection, treatment and supply stood at 185.6 units, rising by 12.9 per cent in July and by 5.9 per cent during January to July.  

Mining and quarrying reached 209.4 units, recording an annual increase of 7.4 per cent in July and growth of 4.5 per cent during the first seven months of the year. 

Electricity supply also recorded growth, with the index standing at 184.7 units. Turnover rose by 3.4 per cent in July and by 1.7 per cent over the January to July period.  

The local market index reached 175.3 units, rising by 7.4 per cent in July and by 4.7 per cent during the January to July period. 

By contrast, the export market index fell by 8.6 per cent in July to 134.8 units and was 0.5 per cent lower over the first seven months of the year.