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Annual increase of 7.9% of Index of Production in construction

Annual increase of 7.9% of Index of Production in construction

11.01.2024

According to the Statistics Service, the construction production index reached 186.29 units in the third quarter of 2023, recording an increase of 7.9% compared to the third quarter of 2022.

By project type, the third quarter of 2023 saw a 9.4% increase in building production rates and a slight 0.3% decrease in civil engineering project production rates compared to the corresponding quarter in 2022.

The construction product price index reached 137.27 units in the third quarter of 2023 (2015 base = 100.00), an increase of 1.7% compared to the second quarter of 2023. Compared to the same quarter of the previous year, the index increased by 6.0%. By project type, the third quarter of 2023 saw a 1.2% increase in buildings and a 24.3% increase in civil engineering projects compared to the corresponding quarter in 2022.

Source and photo: www.stockwatch.com.cy, Editor estateofcyprus.com
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