Production index in construction plunges by 33% in Q3 2013

The Cyprus Index of Production in Construction for Q3 2013 declined by 32.9% year-on-year, figures released recently by the Statistical Service show.

The index is provisionally estimated at 45.6 units (base year 2010=100,0). Production in buildings declined by 31% whereas civil engineering projects registered a decrease of 37.1% year on year. Furthermore, according to CyStat, the Output Prices Index in Construction for the third quarter of 2013 is provisionally estimated at 100,7 units recording a decrease of 0,7% over the second quarter of 2013. Compared to the same quarter of the previous year, the index recorded a decrease of 2,6%. Output index for buildings declined by 2.3% year on year and by 3.2% for civil engineering projects.

Source: CNA

Cyprus Profile

articles | 16 January 2014