The Industrial Production Index for the month of October 2021 reached 132.1 points (base 2015=100), an increase of 1.7% compared to October 2020.
In the period January-October 2021, the index increased by 8.0% compared to the same period of the previous year.[/P]The manufacturing sector saw an increase of 2.4% compared to October 2020. An increase was also recorded in the water supply and materials recovery sector (+26.0%). A negative change was observed in electricity supply (-4.8%) and mining and quarrying (-2.2%).
In the manufacturing sector, the most significant positive changes compared to October 2020 were recorded in the manufacture of electronic and optical products and electrical equipment (+137.9%), manufacture of rubber and plastic products (+13.1%) and manufacture of furniture, other manufacturing and repair and installation of machinery and equipment (+4.9%). The most significant negative changes were observed in the manufacture of refined petroleum products, chemicals and chemical products and pharmaceutical products and pharmaceutical preparations (-16.5%), wood and wood and cork products, except furniture (-14.5%), manufacture of textiles, wearing apparel and leather goods (-13.3%) and manufacture of other non-metallic mineral products (-5.8%).
Comparing the rates of change for the period January - October 2021 with the corresponding period of the previous year, there are increases in most economic activities, with the largest of these being: manufacture of electronic and optical products and electrical equipment (+62.5%), water collection, treatment and supply (+26.9%), mining and quarrying (+18.8%), materials recovery (+15.5%), manufacture of furniture, other manufacturing and repair and installation of machinery and equipment The only activities in which there was a decrease in output compared to the January-October 2020 period were those of the production of refined petroleum products, chemicals and products and pharmaceuticals and pharmaceutical preparations (-8.7%) and manufacture of paper and printing products (-3.7%).
| Table | |
| Code (NACE Rev. 2) |
Economic Activity |
[TD]
Index (2015=100)
[/TD] [TD]Percentage Change (%)
[/TD] [/TD][TR] [TD]
Oct 2021
[/TD] [TD]Oct 2021/
Oct 2020
[/TD] [TD]Jan-Oct 2021/
Jan-Oct 2020
[/TD] [/TD] [/TR] [TR] [TD]B
[/TD] [TD]METALS AND STOCKS
[/TD] [TD]200,3
[/TD] [TD]
-2.2
[/TD] [TD]18,8
[/TD] [/TR] [TR] [TD]C
[/TD] [TD]TRANSFORMATION
[/TD] [TD]141,2
[/TD] [TD]2,4
[/TD] [TD]8,6
[/TD] [/TR] [TR] [TD]10+11+12
[/TD] [TD]Food, Beverage and Tobacco Products Industry
[/TD] [TD]119,8
[/TD] [TD]4,3
[/TD] [TD]7,8
[/TD] [/TR] [TR] [TD]13+14+15
[/TD] [TD]Manufacture of textiles, wearing apparel and leather goods
[/TD] [TD]103,7
[/TD] [TD]-13,3
[/TD] [TD]5,4
[/TD] [/TR] [TR] [TD]16
[/TD] [TD]Manufacture of wood and cork products, except furniture
[/TD] [TD]128,1
[/TD] [TD]-14,5
[/TD] [TD]2,8
[/TD] [/TR] [TR] [TD]17+18
[/TD] [TD]Manufacture of Paper and Paper Products and Printing
[/TD] [TD]73.2
[/TD] [TD]-4.6
[/TD] [TD]-3,7
[/TD] [/TD] [/TR] [TR] [TD]19+20+21
[/TD] [TD]Production of Oil Refining Products, Chemical Substances and Products and Pharmaceutical Products and Preparations
[/TD] [/TD] [TD]128.0
[/TD] [TD]-16.5
[/TD] [TD]-8,7
[/TD] [/TR] [TR] [TD]22
[/TD] [TD]Manufacture of rubber and plastic products
[/TD] [TD]145,4
[/TD] [TD]13,1
[/TD] [TD]10,6
[/TD] [/TR] [TR] [TD]23
[/TD] [TD]Manufacture of other non-metallic mineral products
[/TD] [TD]191,1
[/TD] [TD]-5.8
[/TD] [TD]9.6
[/TD] [/TD] [/TR] [TR] [TD]24+25
[/TD] [TD]Production of Basic Metals and Manufacture of Metal Products
[/TD] [TD]194,8
[/TD] [TD]2,8
[/TD] [TD]13,9
[/TD] [/TD] [/TR] [TR] [TD]26+27
[/TD] [TD]Manufacture of Electronic and Optical Products and Electrical Equipment
[/TD] [/TD] [TD]217,4
[/TD] [TD]137.9
[/TD] [TD]62.5
[/TD] [/TD] [/TR] [TR] [TD]28+29+30
[/TD] [TD]Manufacture of machinery and equipment, Motor Vehicles and Other Transport Equipment
[/TD] [/TD] [TD]115.1
[/TD] [TD]-1.8
[/TD] [TD]10.8
[/TD] [/TR] [TR] [TD]31+32+33
[/TD] [TD]Manufacture of Furniture, Other Manufacturing and Repair and Installation of Machinery and Equipment
[/TD] [/TD] [TD]154.3
[/TD] [TD]4.9
[/TD] [TD]15,2
[/TD] [/TR] [TR] [TD]
D
[/TD] [TD]ELECTRICITY SUPPLY
[/TD] [TD]99,3
[/TD] [TD]-4,8
[/TD] [/TD] [TD]2,6
[/TD] [/TR] [TR] [TD]E
[/TD] [TD]WATER SUPPLY AND MATERIALS RECOVERY
[/TD] [TD]146,1
[/TD] [TD]
26,0
[/TD] [TD]23,7
[/TD] [/TD] [/TR] [TR] [TD]36
[/TD] [TD]Collection, Water Collection, Treatment and Supply
[/TD] [/TD] [TD]151.0
[/TD] [TD]34.9
[/TD] [TD]26.9
[/TD] [/TR] [TR] [TD]38.3
[/TD] [TD]Materials Recovery
[/TD] [TD]132.3
[/TD] [TD]3.4
[/TD] [TD]15,5
[/TD] [/TR] [TR] [TD]B+C+D+E
[/TD] [TD]GENERAL FACTOR
[/TD] [TD]132,1
[/TD] [TD]1,7
[/TD] [TD]8,0
[/TD] [/TD] [/TR] [TD]8,0
[/TD] [/TD] [/TR]
Methodological Information
Purpose
The Industrial Production Index expresses the monthly change in the volume of production in the sectors of mining and quarrying, 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 compared 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)
Contact:
Elizabeth Zenonos. ezinonos@cystat.mof.gov.cy
(NG/IC)
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