**Cyprus Industrial Output Prices Climb by 2.5 Percent in May 2026**
The Cyprus Statistical Service (Cystat) has released its latest report indicating a notable increase in industrial output prices for May 2026. The Index of Industrial Output Prices reached 125.7 units, reflecting a 3.0 percent rise from April 2026. When compared to the same month in the previous year, the index recorded an annual increase of 2.5 percent.
For the first five months of 2026, the index showed a cumulative increase of 0.6 percent compared to the corresponding period in 2025. This upward trend in industrial output prices highlights a positive shift in various sectors of the economy.
A closer examination of the monthly performance from April to May 2026 reveals that the mining and quarrying sector remained stable, with no significant changes in output prices. However, other sectors experienced substantial growth. The electricity supply sector saw a remarkable increase of 13.4 percent, indicating a strong demand or rising costs in this area. The water supply and materials recovery sector also recorded a monthly increase of 2.1 percent, while the manufacturing sector experienced a modest growth of 0.8 percent.
On an annual basis, every industrial sector reported price growth when comparing May 2026 to May 2025. The water supply and materials recovery sector led this trend with a notable increase of 7.3 percent, followed closely by the electricity supply sector, which rose by 4.7 percent. The manufacturing sector recorded an annual increase of 1.8 percent, while the mining and quarrying sector saw a rise of 1.7 percent.
Within the manufacturing division, various subsectors exhibited significant price fluctuations. The manufacture of electronic and optical products, as well as electrical equipment, experienced the highest increase, rising by 7.9 percent compared to May 2025. Additionally, prices for the manufacture of furniture, other manufacturing activities, and the repair and installation of machinery and equipment increased by 5.6 percent.
The manufacture of basic metals and fabricated metal products saw a rise of 5.1 percent, while the manufacture of wood and products of wood and cork, excluding furniture, increased by 4.2 percent. The manufacture of machinery and equipment, as well as motor vehicles and other transport equipment, recorded a more modest rise of 1.8 percent.
It is noteworthy that no manufacturing division reported a decrease in prices during this period. Furthermore, prices for the manufacture of food products, beverages, and tobacco products remained unchanged, as did those for textiles, wearing apparel, and leather products.
The data released by Cystat underscores the resilience of Cyprus's industrial sector, with various industries adapting to changing market conditions and demonstrating growth despite potential economic challenges. As the country moves further into 2026, stakeholders will be keen to monitor these trends and their implications for the broader economy.