12/01/2021 09:11
Cyprus construction production recorded a small annual increase in the third quarter of 2020 while construction prices recorded an annual drop, data released by the Cyprus Statistical Service (CyStat), on Monday, show.
In particular, the Index of Production in Construction during the third quarter of 2020 reached 197.28 units (base year 2015=100.0), recording a marginal increase of 0.7% over the third quarter of 2019.
By type of project, an increase of 2.3% was observed for buildings and a decrease of 9.1% for civil engineering projects in the third quarter of 2020 compared to the corresponding quarter of 2019.
At the same time, according to CyStat the Output Prices Index in Construction for the third quarter of 2020 reached 109.67 units (base year 2015=100.0), recording an increase of 1.0% over the second quarter of 2020. Compared to the same quarter of the previous year, the index recorded a decrease of 2.9%.
By type of project, an increase of 0,3% was observed for buildings and a decrease of 12,8% for civil engineering projects in the third quarter of 2020 compared to the corresponding quarter of 2019.
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