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Index of Production in Construction up by 7.4% yoy in Q2, 2023

08:14 - 11 October 2023

Economy Reporter

The Index of Production in Construction during the second quarter of 2023 reached 203.62 units (base year 2015=100), recording an increase of 7.4% over the second quarter of 2022, according to data published by CySTAT.

Compared to the previous quarter, the index rose by 10.64%.

By type of project, an increase of 9.0% was observed for buildings and a decrease of 1.4% for civil engineering projects in the second quarter of 2023 compared to the corresponding quarter of 2022.

Output prices in construction up 4.3% annually in Q2, 2023

The Output Prices Index in Construction for the second quarter of 2023, meanwhile, reached 135.03 units (base year 2015=100,00), recording an increase of 4.3%, compared to the same quarter of 2022, again according to data published by CySTAT.

Compared to the previous quarter, the index rose by 1.5%.

By type of project, an increase of 0.5% was observed for buildings and of 18.9% for civil engineering projects in the second quarter of 2023 compared to the corresponding quarter of 2022.

(Source: CNA)

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