Economy category powered by

Production in construction up 9.2% y-o-y in Q4 2023

The Index of Production in Construction during the fourth quarter of 2023 reached 227.99 units (base year 2015=100), recording an increase of 9.2% over the fourth quarter of 2022, according to Cystat.

By type of project, an increase of 8.4% was observed for buildings and of 14.6% for civil engineering projects in the fourth quarter of 2023 compared to the corresponding quarter of 2022.

For the period January-December 2023, the overall index registered an increase of 7.6% over the corresponding period of 2022.

An increase of 8.3% was recorded in the index for buildings and of 3.1% in the index for civil engineering projects.

At the same period, the Output Prices Index in Construction reached 138.29 units (base year 2015=100), recording a marginal increase of 0.8% over the third quarter of 2023.

Compared to the fourth quarter of the previous year, the index increased by 2.7%.

By type of project, an increase of 1.4% was observed for buildings and of 6.9% for civil engineering projects in the fourth quarter of 2023 compared to the corresponding quarter of 2022.

For the period January-December 2023, the overall index registered an increase of 4.8% over the corresponding period of 2022.

An increase of 1.6% was recorded in the index for buildings and of 16.6% in the index for civil engineering projects.

Read More

Supporting rural areas is a primary goal for the government, President says
Government pledges continuation of policies for strong and resilient economy
House President and Cyprus Union of Ship Owners discuss shipping challenges
European Commission's Spring forecast predicts continued growth-drop of inflation for Cyprus
RIF: New funding programme for joint R&I projects between Cyprus, Japan and European countries
Cyprus will succeed in shaping a stable investment environment, President says
Cyprus GDP rises to highest rate since Q4 2022
The 1st Cyprus Forum London takes place with Shipping Deputy Minister as keynote speaker
Stakeholders present New Entrepreneurship Support Scheme
Keravnos discussed support for Ukraine and the Capital Markets Union in Brussels