Annual Change -0.9%
The Industrial Production Index for January 2023 reached 120.9 points (base 2015=100), a decrease of 0.9% compared to January 2022.
The manufacturing sector saw an increase of 5.0% compared to January 2022. An increase was also recorded in mining and quarrying (+26.3%). Negative change was observed in electricity supply (-16.9%) and water supply and materials recovery (-13.9%).
In the manufacturing sector, the most significant positive changes compared to January 2022 occurred in the following economic activities: manufacture of other non-metallic mineral products (+35.2%), food, beverages and tobacco products (+7.6%), manufacture of textiles, wearing apparel and leather goods (+5.1%) and manufacture of rubber and plastic products (+5.0%). The most significant negative changes were observed in the manufacture of electronic and optical products and electrical equipment (-45.5%) and wood and wood and cork products, except furniture (-5.6%).
Code [TD] Economic Activity Index (2015=100) Percentage Change(%) [TR] [TD] Jan 2023 Jan 2023/ Jan 2022 Jan-Dec 2022/ Jan-Dec 2021 B METALS AND STORAGE 193,8 26,3 1,7 C TRANSFORMATION 125.4 5.0 1,3 10+11+12 Food, Beverage and Tobacco Products Industry 112.8 7.6 3,1 13+14+15 Manufacture of textiles, wearing apparel and leather goods 122,7 5,1 19,7 16 Manufacture of wood and cork products, except furniture 103.2 -5.6 -4,4 17+18 Manufacture of paper and paper products and printing 67.5 4.3 -0,7 19+20+21 Production of refined petroleum products, chemical substances and products and pharmaceutical products and preparations 141.2 4.6 9,1 22 Manufacture of rubber and plastic products 116,6 5,0 0,7 23 Manufacture of other non-metallic mineral products 180,0 35.2 3.4 24+25 Production of Basic Metals and Manufacture of Metal Products 145,0 4,3 -6,8 26+27 Manufacture of electronic and optical products and electrical equipment 74,6 -45.5 -43.3 28+29+30 Manufacture of machinery and equipment, Motor Vehicles and Other Transport Equipment 115.5 0.2 1.4 31+32+33 Manufacture of Furniture, Other Manufacturing and Repair and Installation of Machinery and Equipment 143.6 -4.0 16,2 D ELECTRICITY SUPPLY 106,0 -16,9 0,4 E WATER SUPPLY AND MATERIALS RECOVERY 107,8 -13.9 4.7 36 Collection, Water Collection, Treatment and Supply 105.2 -21.8 6.7 38.3 Materials Recovery 115.5 17.4 -1,2 B+C+D+E GENERAL FIGURE 120.9 -0.9 1,3
(NACE Rev. 2)
Methodological information
Purpose
The Industrial Production Index expresses the monthly change in the volume of production in the mining and quarrying sectors, manufacturing, electricity supply, water supply and materials recovery, i.e. sectors B, C, D and E of the statistical classification of economic activities NACE Rev. 2 of the European Union. The indicator excludes waste water treatment, waste collection, treatment and disposal and remediation activities, i.e. codes 37, 38.1, 38.2 and 39 of sector E.
Data collection
Data are collected by the Statistical Office, either by telephone interviews, fax or e-mail. Collection starts five to ten days after the end of the period under consideration and is usually completed within a month and a half. In the mining and quarrying sector, the main quarrying products are covered, but not the supporting activities for gas extraction. In manufacturing, all enterprises with a production value of EUR 1 700 000 or more or employing 20 or more persons are covered and a sample of smaller enterprises is taken. The Cyprus Electricity Authority provides production data, while data are also taken from the Water Supply Boards and desalination plants.
Method of calculation and publication practices
The Industrial Production Index is based on 2015, i.e. it shows the monthly change in production relative to the monthly average production in 2015. In the base year, the average of the Production Indices for the twelve months is 100.0. For example, if the Production Index for a given month is 103.4, this means that production for that month increased by 3.4% compared to the average monthly production in 2015.
To compile the total Industrial Production Index, the weighted average of the individual indicators is calculated for the various branches of industry as defined in the statistical classification of economic activities NACE Rev.2. The index is sent monthly to the Statistical Office of the European Union (Eurostat) and in a corrected form (seasonally corrected and corrected for the number of working days). No corrections are made for publication at national level.
For more information:
Statistical Office Portal, under Industry
CYSTAT-DB (Database)
Predefined Tables (Excel)
The Predefined Tables in Excel format include data up to December 2022. For January 2023 and onwards, the update is done only in the CYSTAT-DB Database.
Contact:
Elisavet Zenonos, tel.: +357 22602187, tel.: ezinonos@cystat.mof.gov.cy
Haralambos Alkiviados, tel.: ezinonos@cystat.mof.gov.cy
Haralambos Alkiviados, tel.: ezinonos@cystat.mof.gov.cy
Haralambos Alkiviados, tel.+357 22602189, tel.: calkiviadous@cystat.mof.gov.cy
(MB/EXP)
Contents of this article including associated images are belongs PIO
Views & opinions expressed are those of the author and/or PIO
Source
Source
