Economy category powered by

Construction prices up 6.5% in Q1

08:38 - 13 July 2023

Economy

The Output Prices Index in Construction for the first quarter of 2023 reached 133.02 units (base year 2015=100,00), recording an increase of 6.5% compared to the same quarter last year, according to Cystat.

For the same period, the Index in Production in Construction went up 5.5%.

By type of project, a year over year increase of 3.4% was observed for buildings and of 17.9% for civil engineering projects in the first quarter.

Compared with the previous quarter, the Index recorded a decrease of 1.3%.

At the same time, the Index of Production in Construction during the first quarter of 2023 reached 184.13 units (base year 2015=100,00), recording an increase of 5.5% over the first quarter of 2022.

By type of project, an increase of 6.2% was observed for buildings and of 0.7% for civil engineering projects in the first quarter of 2023 compared to the corresponding quarter of 2022.

News Feed

Read More

Thanos Michaelides: The German market may become equivalent to the UK's for Cyprus tourism
Eurobank Group to build care centre and independent living residences for people with disabilities
Infocredit Group receives Partner Excellence Award from HostingB2B
Shipping’s future in focus at “Maritime Cyprus 2025”
The new Starbucks store on Stavrou Avenue has opened its doors (pics)
Christodoulides showcases over 80 projects worth over €1b for the city and province of Nicosia
Cyprus achieves deployment of country's first quantum communication network
Cyprus’ EU Presidency a unique opportunity for the country, President says
ERATOSTHENES-UAE explore collaboration in Earth Observation, Space Technologies
Commission endorses positive preliminary assessment of Cyprus' €75.9m NextGenerationEU request