Construction output in Greece rose 3.7 percent from a year earlier in the third quarter of 2021, easing from a 4-year high of 16.2 percent growth in the second quarter as low base effects begin to fade. Building activity soared 27.2 percent (vs 25.4 percent in Q2), the highest reading since at least 2016. On the other hand, civil engineering works decreased by 9.4 percent (vs a 9.8 percent rise). On a quarterly basis, construction output rose 5.7 percent from a 29.6 percent rise one quarter earlier. source: National Statistical Service of Greece

Construction Output in Greece averaged -6.21 percent from 2001 until 2021, reaching an all time high of 52.10 percent in the third quarter of 2016 and a record low of -51.40 percent in the second quarter of 2005. This page provides - Greece Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. Greece Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.

Construction Output in Greece is expected to be 5.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Greece Construction Output is projected to trend around 4.40 percent in 2022 and 3.00 percent in 2023, according to our econometric models.

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Greece Construction Output


Calendar GMT Actual Previous Consensus TEForecast
2021-09-14 09:00 AM Q2 16.2% -5.6% 32%
2021-12-14 10:00 AM Q3 3.7% 16.2% 5.1%
2022-03-15 10:00 AM Q4 3.7%


Related Last Previous Unit Reference
Construction Output 3.70 16.20 percent Sep/21
Building Permits 1982.00 1468.00 Sep/21

News Stream
Greek Construction Output Rises in Q3
Construction output in Greece rose 3.7 percent from a year earlier in the third quarter of 2021, easing from a 4-year high of 16.2 percent growth in the second quarter as low base effects begin to fade. Building activity soared 27.2 percent (vs 25.4 percent in Q2), the highest reading since at least 2016. On the other hand, civil engineering works decreased by 9.4 percent (vs a 9.8 percent rise). On a quarterly basis, construction output rose 5.7 percent from a 29.6 percent rise one quarter earlier.
2021-12-14
Greek Construction Output Rises the Most in Near 4 Years
Construction output in Greece jumped 16.2 percent from a year earlier in the second quarter of 2021, following a 5.6 percent fall in the previous three-month period. It is the first increase in construction activity in eight quarters and the sharpest growth since 2017, as the economy recovers from the coronavirus hit. Building activity soared 25.4 percent (vs -15.1 in the first quarter of 2021) while Civil engineering works increased 9.8 percent (vs 1.6 percent). On a quarterly basis, construction output rose 29.6 percent, rebounding from a 44.3 percent slump one quarter earlier.
2021-09-14
Greek Construction Output Falls 5.6% YoY in Q1
Construction output in Greece declined 5.6 percent year-on-year in the first quarter of 2021, following a 1 percent drop in the previous period. It was the 67th straight quarter of falling construction, mainly due to building construction (-15.1 percent vs 3.3 percent in Q4). Meantime, civil engineering rose 1.6 percent, rebounding from a 3.3 percent drop.
2021-06-15

Greece Construction Output
In Greece, the Production Index in Construction (IPC) is an important business cycle indicator, which shows the quarterly activity in the production of building construction and the production of civil engineering sectors.