Construction output in Cyprus declined 5.5 percent year-on-year in the fourth quarter of 2021, slightly improving from an upwardly revised 6 percent fall in the previous quarter. It was the second consecutive quarterly decrease in construction output as production continued to shrink in both civil engineering projects (-7.9 percent vs -1.2 percent in Q3) and building activities (-5.1 percent vs -6.7 percent). source: Statistical Service of the Republic of Cyprus

Construction Output in Cyprus averaged 1.29 percent from 2001 until 2021, 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 May of 2022.

Construction Output in Cyprus is expected to be 5.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cyprus Construction Output is projected to trend around 5.00 percent in 2023 and 3.50 percent in 2024, according to our econometric models.

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Cyprus Construction Output



Calendar GMT Actual Previous Consensus TEForecast
2022-01-11 12:30 PM Q3 -3.3% 26.2% 7%
2022-04-08 10:00 AM Q4 -5.5% -6% 1%
2022-07-05 09:30 AM Q1 -5.5%


Related Last Previous Unit Reference
Housing Index 103.28 106.55 points Dec 2021
Building Permits 774.00 535.00 Feb 2022
Construction Output -5.50 -3.30 percent Dec 2021

Cyprus Construction Output
In Cyprus, construction output refers to the year over year change in the value of construction work done.
Actual Previous Highest Lowest Dates Unit Frequency
-5.50 -3.30 44.90 -27.70 2001 - 2021 percent Quarterly
NSA

News Stream
Cyprus Construction Output Continues to Drop
Construction output in Cyprus declined 5.5 percent year-on-year in the fourth quarter of 2021, slightly improving from an upwardly revised 6 percent fall in the previous quarter. It was the second consecutive quarterly decrease in construction output as production continued to shrink in both civil engineering projects (-7.9 percent vs -1.2 percent in Q3) and building activities (-5.1 percent vs -6.7 percent).
2022-04-08
Cyprus Construction Output Shrinks in Q3
Construction output in Cyprus declined 3.3 percent year-on-year in the third quarter of 2021, compared to a 26.2 percent increase in the previous quarter. It was the first decrease in construction since the first quarter of 2021, as output shrank in both civil engineering projects (-1.2 percent vs 27.6 percent) and building activities (-3.6 percent vs 26 percent).
2022-01-11
Cyprus Construction Output Rebounds in Q1
Construction output in Cyprus rebounded 4.0 percent year-on-year in the first quarter of 2021, following a downwardly revised -1.9 percent shrink in the previous quarter. It was the strongest rise in construction activity since the last quarter of 2019. Output rebounded in both civil engineering works (31.3 percent vs -1.7 percent in Q4) and building activities (0.7 percent vs -1.9 percent). Compared to the last quarter, construction output decreased 15.5 percent.
2021-07-08