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Cyprus economic indicators Cyprus economic indicators

Monthly Economic Indicators: January–February 2024

The Cyprus Statistical Service announced the publication of the bimonthly bulletin ‘Monthly Economic Indicators’ for the period January-February of this current year.

The bulletin included the most important short-term economic indicators for the Cyprus Economy, for the latest months up to February of this year, as well as comparative data for the last four years, which were available until April 11,2024.

The Manufacturing sector, during the month January, recorded an increase of 3,2 percent compared to January 2023.

The total area of building permits authorised reached 198,2 thousand square metres during the month January, recording a decrease of 2,4 percent compared to the corresponding month of 2023.

The total registrations of motor vehicles increased by 45 percent, reaching to 8.589 during the period January-February. Private saloon cars increased to 6.325, recording a rise of 50,1 percent and light goods vehicles increased to 765 recording a rise of 62,8 percent compared to January-February 2023.

The Consumer Price Index increased by 1,8 percent during the period January-February, compared to the corresponding period of 2023.

The total imports of goods reached EUR1.698,4 million during the period January-February, recording a decrease of 32,2 percent and total exports of goods reached EUR554,1 million, recording a decrease of 3,8 percent.

The arrivals of tourists totalled 212.995 during the period January-February, compared to 209.630 in the corresponding period of 2023, recording an increase of 1,6 percent.