Construction output in Cyprus increased 12.8 percent year-on-year in the first quarter of 2019, easing from an upwardly revised 15.2 percent growth in the previous period, due to a plunge in civil engineering works (-21.6 percent vs 6.1 percent in Q4). On the other hand, building construction activity rose 20.1 percent, faster than a 17.1 percent advance in the previous period. Construction Output in Cyprus averaged 1.05 percent from 2001 until 2019, reaching an all time high of 44.90 percent in the first quarter of 2017 and a record low of -27.70 percent in the fourth quarter of 2012.

Construction Output in Cyprus is expected to be 16.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Construction Output in Cyprus to stand at 8.70 in 12 months time. In the long-term, the Cyprus Construction Output is projected to trend around 3.50 percent in 2020, according to our econometric models.

Cyprus Construction Output
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2018-10-18 09:15 AM Construction Output YoY Q2 13.1% 19.4% 4.8%
2019-01-11 10:00 AM Construction Output YoY Q3 24.3% 13.3% 15.5%
2019-04-05 09:20 AM Construction Output YoY Q4 14.2% 25.8% 14.2%
2019-07-05 09:00 AM Construction Output YoY Q1 12.8% 15.2% 16.7%
2019-10-07 09:00 AM Construction Output YoY Q2 12.8% 16.9%

Cyprus Housing Last Previous Highest Lowest Unit
Housing Index 107.78 106.95 130.42 93.41 Index Points [+]
Construction Output 12.80 15.20 44.90 -27.70 percent [+]
Building Permits 520.00 522.00 999.00 298.00 [+]
Home Ownership Rate 70.70 72.50 74.10 70.70 percent [+]

Cyprus Construction Output

In Cyprus, construction output refers to the year over year change in the value of construction work done. This page provides - Cyprus Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. Cyprus Construction Output - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
12.80 15.20 44.90 -27.70 2001 - 2019 percent Quarterly
2010=100, NSA

Country Last Previous
Argentina -3.40 May/19
Australia -1.90 Mar/19
Euro Area 2.00 May/19
France 6.20 Mar/19
Germany 0.10 May/19
India 5.10 May/19
Italy 2.70 Apr/19
Mexico -9.75 May/19
Netherlands 6.30 May/19
Russia 0.10 Jun/19
South Korea -5.30 May/19
Spain 0.00 May/19
Switzerland 1.20 Mar/19
United Kingdom 1.70 May/19