Greece Construction Growth Slows in Q2

Construction output in Greece increased by 7.1% year-on-year in the second quarter of 2026, slowing from 16.4% growth in the previous quarter. The moderation was mainly driven by civil engineering, which declined 10.7% after expanding 6.8% in Q1. Meanwhile, activity in residential and non-residential building construction grew 17.6%, easing slightly from 18.9%, while specialised construction activities increased 16.1%, slowing from 22.3%. On a quarterly basis, construction output rose by 30.6% in the second quarter, sharply reversing from a 44.6% decline in the preceding period.

Construction output in Greece increased by 16.5% year-on-year in the first quarter of 2026, following a 3.0% growth in the previous quarter. This marked the strongest pace of expansion in construction activity since the fourth quarter of 2024, as overall output rose notably in specialised construction activities, accelerating to 22.3% from 11.4% in Q4 2025. At the same time, activity in civil engineering rebounded, increasing by 6.7% after previously recording a sharp decline of 15.0%. Meanwhile, output in residential and non-residential building construction eased slightly, coming in at 19.2% compared with 20.2% in the prior quarter. On a quarterly basis, construction output fell by 44.6% in Q1, sharply reversing from a 51.7% surge in the preceding period.

Construction output in Greece rose by 3% year-on-year in the fourth quarter of 2025, following a 3.3% growth in the previous quarter. Output increased sharply in residential and non-residential building construction (20.2% vs 9.6%) and specialised construction activities (11.4% vs 6.6%). Meanwhile, activity in civil engineering recorded a steeper contraction, declining by 15% compared with a 6% fall in Q3. On a quarterly basis, construction output jumped 51.7% in Q4, rebounding from an upwardly revised 2.4% drop in the preceding period. For the full year, Greece’s construction activity grew by 2.5% compared to 19.9% in 2024.