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ECONOMY

Employment in the Industrial Sector Increases by 4.5 %

Employment in the Industrial Sector Increases by 4.5 %

On the basis of provisional estimates of the Statistical Service, employment in the broad industrial sector in 2017 increased by 4.5% to 35.0 thousand compared to 33.5 thousand in 2016, according to data released by the Statistical Service of Cyprus. In manufacturing employment reached 30.7 thousand, in mining and quarrying 0,5 thousand, in electricity supply 2.1 thousand and in water supply, sewerage and waste management 1.7 thousand persons.

In the whole of the industrial sector, production value recorded an increase of 11.2% to €4,105.2 million in 2017 compared to €3,691.7 million in 2016. In manufacturing production value increased by 8.6% to €2,983.1 million, in mining and quarrying by 89.4% to €94.3 million, in electricity supply by 17.8% to €720.5 million and in water supply, sewerage and waste management by 8.0% to €307.3 million.

Value added at current prices rose by 10.4% in the total of industry and reached €1,598.5 million in 2017 compared to €1,448.3 million in 2016. In manufacturing value added increased by 7.8%, in mining and quarrying by 91.7%, in electricity supply by 15.8% and in water supply, sewerage and waste management by 5.8%.

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