Construction output in Cyprus increased 16.6 percent year-on-year in the second quarter of 2019, following an upwardly revised 13.5 percent in the previous three-month period, boosted by building activity (24.8 percent vs 21.1 percent in Q1). Meanwhile, civil engineering works continued to contract (-23 percent vs -22.6 percent). Construction Output in Cyprus averaged 1.27 percent from 2001 until 2019, 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.

Construction Output in Cyprus is expected to be 12.60 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 7.30 in 12 months time. In the long-term, the Cyprus Construction Output is projected to trend around 3.50 percent in 2020, according to our econometric models.

Cyprus Construction Output
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-11 10:00 AM Construction Output YoY Q3 24.3% 13.3% 15.5%
2019-04-05 09:20 AM Construction Output YoY Q4 14.2% 25.8% 14.2%
2019-07-05 09:00 AM Construction Output YoY Q1 12.8% 15.2% 16.7%
2019-10-07 09:15 AM Construction Output YoY Q2 16.6% 13.5% 16.9%

Cyprus Housing Last Previous Highest Lowest Unit
Housing Index 112.33 107.78 130.42 93.41 Index Points [+]
Construction Output 16.60 13.50 44.90 -27.70 percent [+]
Building Permits 573.00 709.00 999.00 298.00 [+]
Home Ownership Rate 70.10 70.70 74.10 70.10 percent [+]

Cyprus Construction Output

In Cyprus, construction output refers to the year over year change in the value of construction work done. This page provides - Cyprus Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Construction Output - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
16.60 13.50 44.90 -27.70 2001 - 2019 percent Quarterly

Country Last Previous
Argentina -5.90 Aug/19
Australia -3.80 Jun/19
Euro Area 1.20 Aug/19
France -0.30 Aug/19
Germany 1.40 Aug/19
India -0.50 Aug/19
Italy 2.10 Aug/19
Mexico -2.88 Aug/19
Netherlands 2.20 Aug/19
Russia 0.30 Aug/19
South Korea -6.90 Aug/19
Spain 2.70 Aug/19
Switzerland -2.20 Jun/19
United Kingdom 2.40 Aug/19