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. source: National Statistical Service of Greece

Construction Output in Greece averaged -6.48 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 June of 2021.

Construction Output in Greece is expected to be 38.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations.

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Greece Construction Output

Actual Previous Highest Lowest Dates Unit Frequency
-5.60 -1.00 52.10 -51.40 2001 - 2021 percent Quarterly
WDA


Calendar GMT Actual Previous Consensus TEForecast
2020-09-14 09:00 AM Q2 -26.6% -5.7% -32%
2020-12-14 10:00 AM Q3 -3% -27.4% -12%
2021-03-16 10:00 AM Q4 -1% -3% 2.2%
2021-06-15 09:00 AM Q1 -5.6% -1% 7.4%
2021-09-14 09:00 AM Q2 -5.6% 38%
2021-12-14 10:00 AM Q3 5.1%


News Stream
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 Shrinks for 6th Quarter
Construction output in Greece went down 1 percent year-on-year in the last quarter of 2020, marking the 6th straight quarter of falling construction. Civil engineering went down 3.3 percent while building activity went up 3.3 percent. Considering full 2020, construction sank at an average of 9.6 percent, compared to a 6 percent drop in 2019.
2021-03-16
Greek Construction Output Drops 3% YoY in Q3
Construction output in Greece dropped 3 percent year-on-year in the third quarter of 2020, following an upwardly revised 27.4 percent record slump in the previous three-month period. Building activity fell 5.8 percent, after declining 19.5 percent in Q2; and civil engineering works went down 1.3 percent, after a 32 percent plunge. On a quarterly basis, construction output surged 17.6 percent, accelerating from a 5.6 percent gain in Q2.
2020-12-14
Greek Construction Output Drops the Most in Near 3 Years
Construction output in Greece tumbled 26.6 percent from a year earlier in the second quarter of 2020, following a downwardly revised 5.7 percent fall in the previous three-month period. It was the sharpest fall in construction activity since the third quarter of 2017, as Civil engineering works plunged 31.3 percent (vs -10.9 percent in Q1) while building activity fell 18.6 percent (vs 2 percent). On a quarterly basis, construction output rose 6.6 percent, rebounding from a 41.3 percent slump in Q1.
2020-09-14

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.