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Production in construction increases in Q3 2017

08/01/2018 09:21

The Index of Production and the Output Prices Index in construction accelerated on an annual basis in the third quarter of 2017, according to data released by the Cyprus Statistical Service (Cystat).

The Index of Production in Construction for the third quarter of 2017 reached 54.9 units, recording an increase of 12.8% over the third quarter of 2016.

By type of project, an increase of 12.6% was observed for buildings and of 13.6% for civil engineering projects in the third quarter of 2017 compared to the corresponding quarter of 2016.

The Output Prices Index in Construction for the third quarter of 2017 reached 97.7 units, recording an increase of 0.8% over the second quarter of 2017.

Compared to the same quarter of the previous year, the index recorded an increase of 1.3%.

By type of project, an increase of 3.8% was observed for buildings and a decrease of 4.6% for civil engineering projects in the third quarter of 2017 compared to the corresponding quarter of 2016.