Construction output in Greece jumped 16.2 percent from a year earlier in the second quarter of 2021, following a 5.6 percent fall in the previous three-month period. It is the first increase in construction activity in eight quarters and the sharpest growth since 2017, as the economy recovers from the coronavirus hit. Building activity soared 25.4 percent (vs -15.1 in the first quarter of 2021) while Civil engineering works increased 9.8 percent (vs 1.6 percent). On a quarterly basis, construction output rose 29.6 percent, rebounding from a 44.3 percent slump one quarter earlier. source: National Statistical Service of Greece
Construction Output in Greece averaged -6.21 percent from 2001 until 2021, 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 October of 2021.
Construction Output in Greece is expected to be 5.10 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 4.40 percent in 2022 and 3.00 percent in 2023, according to our econometric models.