Construction output in Cyprus fell by 5 percent year-on-year in the third quarter of 2022, easing from the downwardly revised decline of 6.2 percent in the previous quarter. It was the fifth consecutive quarterly contraction in construction, as the 7.3 percent shrinkage for building activities outweighed the 10.5 percent increase in civil engineering projects. On a seasonally unadjusted quarterly basis, construction slid by 5.8 percent. source: Statistical Service of the Republic of Cyprus

Construction Output in Cyprus averaged 1.07 percent from 2001 until 2022, 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 January of 2023.

Construction Output in Cyprus is expected to be 1.80 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 1.20 percent in 2024 and 3.50 percent in 2025, according to our econometric models.

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Cyprus Construction Output



Calendar GMT Actual Previous Consensus TEForecast
2022-10-07 09:30 AM Q2 -6.4% -6.6% -25%
2023-01-13 10:00 AM Q3 -5% -6.2% -5.9%
2023-04-05 09:00 AM Q4 -5% -3.8%


Related Last Previous Unit Reference
Housing Index 112.51 106.35 points Sep 2022
Building Permits 646.00 670.00 Units Oct 2022
Construction Output -5.00 -6.20 percent Sep 2022

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
-5.00 -6.20 44.90 -27.70 2001 - 2022 percent Quarterly
NSA

News Stream
Cyprus Construction Output Fell for 5th Quarter
Construction output in Cyprus fell by 5 percent year-on-year in the third quarter of 2022, easing from the downwardly revised decline of 6.2 percent in the previous quarter. It was the fifth consecutive quarterly contraction in construction, as the 7.3 percent shrinkage for building activities outweighed the 10.5 percent increase in civil engineering projects. On a seasonally unadjusted quarterly basis, construction slid by 5.8 percent.
2023-01-13
Cyprus Construction Output Drops for 2nd Quarter
Construction output in Cyprus fell by 6.4 percent year-on-year in the second quarter of 2022, following a 6.6 percent decline in the previous quarter. It was the fourth consecutive quarterly decrease. Output shrank in building activities (-9.4 percent vs -7.1 percent in Q1), while rebounded in civil engineering projects (12.6 percent vs -3.4 percent).
2022-10-07
Cyprus Construction Output Drops for 3rd Quarter
Construction output in Cyprus declined 6.6 percent year-on-year in the first quarter of 2022, slightly improving from a downwardly revised 3.7 percent fall in the previous quarter. It was the third consecutive quarterly decrease in construction output as production continued to shrink in both civil engineering projects (-3.4 percent vs -9.2 percent in Q4) and building activities (-7.1 percent vs -2.8 percent).
2022-07-13