Press Releases

The Statistical Service announces the publication of the bimonthly bulletin "Monthly Economic Indicators" for the period January – October 2023. The bulletin includes the most important short-term economic indicators for the Cyprus Economy, for the latest months up to October 2023, as well as comparative data for the last four years, which were available until the 14th of December 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 - September 2023, recorded an increase of 3,0% compared to January - September 2022.

The total area of Building Permits Authorized reached 1.673,0 thousand square metres during the period January - September 2023, recording an increase of 2,9% compared to the corresponding period of the previous year.

The total registrations of Motor Vehicles increased by 32,5%, reaching to 38.503 during the period January - October 2023. Private saloon cars increased to 25.551, recording a rise of 33,1% and light goods vehicles increased to 2.872 recording a rise of 12,2% compared to January - October 2022.

The Consumer Price Index increased by 3,9% during the period January - October 2023, compared to the corresponding period of the previous year.

The total Imports of Goods reached €10.829,5 mn during the period January - October 2023, recording an increase of 12,9% and total Exports of Goods reached €3.540,9 mn, recording an increase of 8,4%.

The Arrivals of Tourists totalled 3.562.417 during the period January - October 2023, compared to 2.941.182 in the corresponding period of 2022, recording an increase of 21,1%.

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 at telephone 22602225 or via e-mail at asofroniou@cystat.mof.gov.cy.

(AP/GS)