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According to the results of the Survey on Industrial Production 2018, employment in the broad industrial sector increased in 2018 by 7,0% to 38,2 thousand compared to 35,7 thousand in 2017. In manufacturing employment reached 33,8 thousand, in mining and quarrying 0,5 thousand, in electricity supply 2,1 thousand and in water supply, sewerage and waste management 1,8 thousand persons.

In the whole of the industrial sector, production value at current prices recorded an increase of 11,4% to €4.638,6 million in 2018 compared to €4.165,5 million in 2017. In manufacturing, production value increased by 10,4% to €3.393, 1 million, in mining and quarrying by 2,0% to €78,8 million, in electricity supply by 17,9% to €828,5 million and in water supply, sewerage and waste management by 8,5% to €338,2 million.

Value added at current prices rose by 7,8% in the total of industry and reached €1.676,4 million in 2018 compared to €1.554,8 million in 2017. In manufacturing, value added increased by 11,3% to €1.226, 5 million, in mining and quarrying by 36,7% to €25,9 million and in water supply, sewerage and waste management by 0,5% to €150,8 million. On the contrary, value added decreased in electricity supply by 3,9% to €273,2 million.

* Annual percentage change of 2018 compared to 2017.

Methodological Information

Definitions

Employment – The average number of all persons employed during the year, in full time equivalent terms.

Production value – The value of goods produced, services rendered to others, net receipts from the sale of goods sold in the same condition as purchased, other income and changes in the value of work-in-progress at the end of the year.

Value added – Derived by deducting from the production value the aggregate costs of all materials used, other production expenses, administrative expenses and rents paid for buildings and machinery.

Coverage and collection of data

The Industrial Production Survey covers a sample of around 1.460 enterprises with main activity falling under sections B, C, D and E of the classification system of economic activities NACE Rev. 2 of the European Union.

The collection of data from the Statistical Service is done by personal interview with the use of a special questionnaire.

For more information visit Statistical Service (CYSTAT) Website, subtheme Industry or contact Mr Charalambos Alkiviadous: tel:+35722602189, email: calkiviadous@cystat.mof.gov.cy

(IK/SCH)