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Index of Production in Construction up by 7.4% yoy in Q2, 2023

The Index of Production in Construction during the second quarter of 2023 reached 203.62 units (base year 2015=100), recording an increase of 7.4% over the second quarter of 2022, according to data published by the Statistical Service on Tuesday.

Compared to the previous quarter, the index rose by 10.64%.

By type of project, an increase of 9,0% was observed for buildings and a decrease of 1,4% for civil engineering projects in the second quarter of 2023 compared to the corresponding quarter of 2022.

Source: Cyprus News Agency