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.