Construction output in Cyprus increased 10.5 percent year-on-year in the third quarter of 2019, following a downwardly revised 15.6 percent gain in the previous three-month period. It is the lowest annual gain in construction output since the second quarter of 2015. Building activity slowed (14.7 percent vs 23.6 percent) and civil engineering continued to decline (-10.7 percent vs -23.4 percent). Cyprus Construction Output - data, historical chart, and calendar of releases - was last updated on February of 2020 from its official source.
Construction Output in Cyprus averaged 1.39 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. This page provides - Cyprus Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news.
Construction Output in Cyprus is expected to be 10.80 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 6.50 in 12 months time. In the long-term, the Cyprus Construction Output is projected to trend around 3.50 percent in 2021, according to our econometric models.