Index of Production in Construction up by 10.9%

The Index of Production in Construction for the second quarter of 2016 reached 50.7 units (base year 2010=100,0), recording an increase of 10.9% over the second quarter of 2015, the Statistical Service said on Wednesday.

By type of project, an increase of 5.3% was observed for buildings and of 34.2% for civil engineering projects in the second quarter of 2016 compared to the corresponding quarter of 2015.

As regards the Output Prices Index in Construction, CyStat said that for the second quarter of 2016 it reached 96.7 units (base year 2010=100,0), recording a decrease of 1.0% over the first quarter of 2016.

Compared to the same quarter of the previous year, the index recorded a decrease of 3.9%.

By type of project, a decrease of 13.2% was observed for civil engineering projects and an increase of 0.8% for buildings

Source: Cyprus News Agency