Insider Economy Industrial production index climbed to a nine-year high in 2018

Industrial production index climbed to a nine-year high in 2018

Cyprus’ average annual industrial (IP) production index for 2018 climbed to the highest point of the last nine years, data released by the Cyprus Statistical Service show.

The average IP index for 2018 amounted to 123.8 units which is the highest point since 2010’s 131.9.

For the period of January – December 2019 the IP index marked an increase of 5.3% compared with the respective period of 2017, Cystat said.

In December the IP index reached 121.9 units increased by 1% compared with December of 2017.

The index for manufacturing reached in December 2018 registered an increase of 1.1% year on year, reaching 126.5 units.

(Cyprus News Agency)

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