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.