Industrial production records annual drop 6.7% in January 2021

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Industrial Production Index in January 2021 reached 114.9 units (base 2015=100), recording a decrease of 6.7% compared to January 2020, according to data released Friday by the Statistical Service of Cyprus. The manufacturing sector has registered a decrease of 6.2% compared to January 2020. Declines were also observed in the sector of electricity supply (-9.3%) and the sector of water supply and materials recovery (-4.5%). The mining and quarrying sector recorded an increase of 1.4% compared to January 2020. In the manufacturing …

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