Construction output in Greece surged by 28.9 percent from a year earlier in the second quarter of 2022, accelerating from an upwardly revised 14.8 percent rise in the previous period. It was the sharpest increase in construction activity since the third quarter of 2016, driven by both civil engineering works (34.3 percent vs 11.6 percent in Q1) and building activity (22.1 percent vs 19.8 percent). On a quarterly basis, construction output was 47.9% higher compared to Q1 of 2022. source: National Statistical Service of Greece

Construction Output in Greece averaged -5.30 percent from 2001 until 2022, reaching an all time high of 52.10 percent in the third quarter of 2016 and a record low of -51.40 percent in the second quarter of 2005. This page provides - Greece Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. Greece Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on December of 2022.

Construction Output in Greece is expected to be 4.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Construction Output is projected to trend around 3.00 percent in 2023, according to our econometric models.

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Greece Construction Output



Calendar GMT Actual Previous Consensus TEForecast
2022-06-15 09:00 AM Q1 12% 5.7% 3.2%
2022-09-14 09:00 AM Q2 28.9% 14.8% 2.3%
2022-12-14 10:00 AM Q3 28.9% 17.5%


Related Last Previous Unit Reference
Building Permits 1685.00 2254.00 Units Aug 2022
Construction Output 28.90 14.80 percent Jun 2022

Greece Construction Output
In Greece, the Production Index in Construction (IPC) is an important business cycle indicator, which shows the quarterly activity in the production of building construction and the production of civil engineering sectors.
Actual Previous Highest Lowest Dates Unit Frequency
28.90 14.80 52.10 -51.40 2001 - 2022 percent Quarterly
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News Stream
Greek Construction Output Growth Strongest since 2016
Construction output in Greece surged by 28.9 percent from a year earlier in the second quarter of 2022, accelerating from an upwardly revised 14.8 percent rise in the previous period. It was the sharpest increase in construction activity since the third quarter of 2016, driven by both civil engineering works (34.3 percent vs 11.6 percent in Q1) and building activity (22.1 percent vs 19.8 percent). On a quarterly basis, construction output was 47.9% higher compared to Q1 of 2022.
2022-09-14
Greek Construction Output Rises in Q4
Construction output in Greece rose 12 percent from a year earlier in the first quarter of 2022, accelerating from a 5.7 percent increase in the previous quarter. Activity accelerated for building construction (20.8 percent vs 16.5 percent in Q4) and rebounded civil engineering (6.5 percent vs -0.9 percent). On a quarterly basis, construction output was 41% lower compared to Q4 of 2021.
2022-06-15
Greek Construction Output Rises in Q4
Construction output in Greece rose 5.7 percent from a year earlier in the fourth quarter of 2021, accelerating from an upwardly revised 4.4 percent growth in the third quarter. Building activity soared 22.7 percent (vs 26.9 percent in Q3) and the civil engineering works declined less (-3.9 percent vs -8.2 percent). On a quarterly basis, construction output jumped 37.6 percent from a 4.4 percent rise in the previous quarter.
2022-03-15