Press Releases

The Statistical Service announces the publication of the bimonthly bulletin «Monthly Economic Indicators» for the period January - August 2023. The bulletin includes the most important short-term economic indicators for the Cyprus Economy, for the latest months up to August 2023, as well as comparative data for the last four years, which were available until the 11^th of October 2023.

Note: The trend component depicts the long-term evolution of the series, that can be observed over a long period of time. It is the result of influences such as population growth, technological development and general economic development.

The Manufacturing sector during the period January-July 2023, registered an increase of 2,9% compared to January - July 2022.

The total area of Building Permits Authorised reached 1.310,3 thousand square metres during the period January - July 2023 recording an increase of 2,6% compared to the corresponding period of the previous year. 

The total registrations of Motor Vehicles increased by 28,1%, reaching to 29.673 during the period January - August 2023. Private saloon cars increased to 19.227 recording a rise of 26,8% and light goods vehicles increased to 2.171 recording a rise of 8,4% compared to January - August 2022.

The Consumer Price Index increased by 4,0% during the period January - August 2023 compared to the corresponding period of the previous year.

The total Imports of Goods reached €8.610,2 mn during the period January - August 2023 recording an increase of 10,7% and total Exports of Goods reached €2.773,6 mn, recording an increase of 8,3%.

The Arrivals of Tourists totaled 2.648.795 during the period January - August 2023 compared to 2.127.172 in the corresponding period of 2022, recording an increase of 24,5%.       

More statistics are available in the Monthly Economic Indicators bulletin, available in electronic form on the online portal of the Statistical Service.

For further information, please contact Ms Agathi Sofroniou: Τel: +35722602225, Email: asofroniou@cystat.mof.gov.cy

(EP/SCH)