Cyprus industrial output prices edge higher in February

The Cyprus Statistical Service (Cystat) on Tuesday announced that the Index of Industrial Output Prices for February 2026 reached 122.9 units, recording both monthly and annual increases.

The service reported that the index rose by 0.2 per cent month-on-month compared to January 2026.

On an annual basis, the index recorded an increase of 1.1 per cent year-on-year compared to February 2025.

For the period January to February 2026, the index showed a 0.9 per cent increase compared to the corresponding period of 2025.

It should be noted that the Industrial Output Prices Index uses 2021 as its base year, set at 100 units, tracking monthly price fluctuations against the 2021 average.

Cystat said that, on a monthly basis, the index remained unchanged in mining and quarrying as well as in water supply and materials recovery.

At the same time, it noted that the index increased by 0.3 per cent in manufacturing, while a decline of 0.3 per cent was recorded in electricity supply.

Compared to February 2025, increases were recorded across all major sectors, highlighting a broad-based annual rise in industrial prices.

Specifically, mining and quarrying rose by 4.4 per cent, manufacturing increased by 1.2 per cent, water supply and materials recovery also grew by 1.2 per cent, and electricity supply rose by 0.5 per cent.

Cystat further reported that within manufacturing, several divisions recorded notable increases on an annual basis.

The largest rise was observed in the manufacture of furniture and other manufacturing activities, including repair and installation of machinery and equipment, which increased by 6.3 per cent.

This was followed by the manufacture of electronic and optical products and electrical equipment, which rose by 2.9 per cent.

The manufacture of machinery and equipment, motor vehicles and other transport equipment increased by 1.1 per cent.

In addition, the manufacture of other non-metallic mineral products rose by 0.9 per cent, while the manufacture of food products, beverages and tobacco products recorded an increase of 0.8 per cent.

However, declines were observed in certain divisions, including the manufacture of basic metals and fabricated metal products, which fell by 0.3 per cent.

A smaller decrease of 0.1 per cent was recorded in the manufacture of paper and paper products and printing.

Cystat explained that the Industrial Output Prices Index is a monthly indicator combining the domestic and non-domestic market indices, reflecting overall pricing trends in the industrial sector.

It added that prices for products sold in the domestic market are measured at basic selling prices, excluding VAT, discounts, commissions and excise duties.

Finally, the statistical service reported that the figures primarily reflect transactions between producing enterprises and purchasing businesses, regardless of whether the products are used as raw materials or as merchandise.