Construction output in Cyprus decreased 0.7 percent year-on-year in the first quarter of 2020, down from an upwardly revised 10.2 percent rise in the previous period. It was the first fall in construction activity since Q2 2015, as civil engineering works declined faster (-9.5 percent vs -1.3 percent in Q4) and building activity eased sharply (0.5 percent vs 12.3 percent).
Construction Output in Cyprus averaged 1.45 percent from 2001 until 2020, reaching an all time high of 44.90 percent in the first quarter of 2017 and a record low of -27.70 percent in the fourth quarter of 2012. This page provides - Cyprus Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on July of 2020.
Construction Output in Cyprus is expected to be -5.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Cyprus to stand at 3.50 in 12 months time. In the long-term, the Cyprus Construction Output is projected to trend around 5.00 percent in 2021 and 3.50 percent in 2022, according to our econometric models.