Construction output in Cyprus increased 0.7 percent year-on-year in the third quarter of 2020, rebounding from an upwardly revised 23.4 percent slump in the previous period. It was the first gain in construction output since the last quarter of 2019, mainly due to a rebound in building activity (2.3 percent vs -25.8 percent in Q3). On the other hand, civil engineering works decreased faster (-9.1 percent vs -5.5 percent). source: Statistical Service of the Republic of Cyprus
Construction Output in Cyprus averaged 1.10 percent from 2001 until 2020, reaching an all time high of 44.90 percent in the first quarter of 2017 and a record low of -27.70 percent in the fourth quarter of 2012. This page provides - Cyprus Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Construction Output in Cyprus is expected to be -4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Cyprus to stand at 5.00 in 12 months time. In the long-term, the Cyprus Construction Output is projected to trend around 5.00 percent in 2022 and 3.50 percent in 2023, according to our econometric models.