Production in Construction increases in 2018

Production in Construction for the third quarter of 2018 increased significantly, over the third quarter of 2017.

According to data released by the Statistical Service of Cyprus, the Index of Production in Construction for the third quarter of 2018 reached 177.1 units (base year 2015=100,0), recording an increase of 24.3% over the third quarter of 2017.

By type of project, an increase of 30% was observed for buildings and of 2.2% for civil engineering projects in the third quarter of 2018 compared to the corresponding quarter of 2017.

The Output Prices Index in Construction for the third quarter of 2018 reached 106.0 units (base year 2015=100.0), recording an increase of 1.5% over the second quarter of 2018. Compared to the same quarter of the previous year, the index recorded an increase of 4.4%.

By type of project, an increase of 2.8% was observed for buildings and of 10.1% for civil engineering projects in the third quarter of 2018 compared to the corresponding quarter of 2017.

Source: Cyprus News Agency