Construction output in Cyprus shrank 2.2 percent year-on-year in the final quarter of 2020, following a downwardly revised 0.1 percent growth in the previous period and it was the softest contraction in construction output in 2020. Output retreated in building activities (-1.1 percent vs 1.3 percent in Q3) and fell at a faster pace in civil engineering works (-8.6 percent vs -7.4 percent). Considering full 2020, construction output plunged 7.5 percent, following an 11.9 percent expansion in the previous year. source: Statistical Service of the Republic of Cyprus
Construction Output in Cyprus averaged 1.06 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 May of 2021.
Construction Output in Cyprus is expected to be 3.50 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 5.00 in 12 months time. In the long-term, the Cyprus Construction Output is projected to trend around 5.00 percent in 2022 and 3.50 percent in 2023, according to our econometric models.