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Production in construction up 4% in Q1

08/07/2021 14:59

Production in construction in Cyprus increased in the first quarter of 2021 while output prices in construction for the same period remained stable, according to data released on Thursday by the Statistical Service of Cyprus. 

The Index of Production in Construction during the first quarter of 2021 reached 187.2 units (base year 2015=100,0), recording an increase of 4.0% over the first quarter of 2020.

By type of project, an increase of 0.7% was observed for buildings and of 31.3% for civil engineering projects in the first quarter of 2021 compared to the corresponding quarter of 2020.

The Output Prices Index in Construction for the first quarter of 2021 reached 113.43 units (base year 2015=100,00), recording an increase of 2.2% over the fourth quarter of 2020. Compared to the same quarter of the previous year, the index remained stable.

By type of project, an increase of 3.4% was observed for buildings and a decrease of 10.2% for civil engineering projects in the first quarter of 2021 compared to the corresponding quarter of 2020.