articles | 02 October 2020

Industrial Production Index records 5.4% decrease in July this year

The Index of Industrial Production for July 2020 reached 144.2 units (base 2015=100), recording a decrease of 5.4% compared to July 2019.

According to the Statistical Service, for the period of January-July 2020, the index showed a decline of 10.3% compared to the corresponding period of the previous year.

For manufacturing, the index for July 2020 reached 147.0 units, recording a decrease of 4.1% compared to July 2019.

For the period of January-July 2020, the manufacturing sector showed a decrease of 9.8% compared to the same period of the previous year.

Source: In-Cyprus

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