Construction output rises 3.5% and producer prices increase 4.5% in 2024
07:46 - 08 April 2025
Construction output in Cyprus increased 3.5% in 2024 compared to the previous year, while producer prices in the sector rose by 4.5%, according to data released by CySTAT.
The Construction Output Index for the fourth quarter of 2024 reached 115.78 points (based on 2021=100.00), showing a decrease of 1.8% compared to the fourth quarter of 2023.
For the period of January to December 2024, the index recorded a 3.5% increase compared to the same period in 2023.
Meanwhile, the Producer Price Index in Construction for the fourth quarter of 2024 reached 122.07 points (based on 2021=100.00), marking a 1.2% increase compared to the third quarter of 2024.
Compared to the same quarter in the previous year, the index rose by 4.8%.
From January to December 2024, the Producer Price Index in Construction showed a 4.5% increase compared to the same period in 2023.
(Source: CNA)
News Feed
15 hours ago Companies
New Bean Bar opens in Zakaki15 hours, 37 minutes ago Companies
Freedom Holding Corp. reports 23% revenue growth for FY2025, driven by strong performance across brokerage and insurance segments15 hours, 47 minutes ago Economy
High Commissioner Manish: PM's visit reaffirms India's strategic vision for deepened engagement with Cyprus16 hours, 23 minutes ago Companies
Never stop growing: Lidl at UEFA Women’s EURO 202517 hours, 21 minutes ago Economy
Kostas Koumis: The UAE market is promising and important for Cyprus tourism - The benefits of Investopia18 hours, 8 minutes ago Economy
Tourist arrivals record annual increase of 13.7% in May 202518 hours, 59 minutes ago Economy
Viraj Kulkarni: I visualise at least six to eight times growth in the value of trade between Cyprus and India in the next few years