Construction output rises 3.5% and producer prices increase 4.5% in 2024

07:46 - 08 April 2025

Real Estate Reporter

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

All News

Read More

President Christodoulides to attend Pope Francis' funeral
‘Nicosia-Capital of Cyprus’ Initiative supports suggested traffic regulation for Makarios Avenue
Embassy of the Holy See in Cyprus to open book of condolences for late Pope
Intellectual Property: The importance of the Supreme Court's decision and the need for the establishment of a Copyright Authority
G.A.P. Vassilopoulos' documented proposal for combatting the water shortage
DreamPlay opens an office and campus in Limassol
Universal Life selects Sapiens to modernise its core systems
Egg prices up annually in EU and Cyprus to a lesser extent, according to Eurostat
Pope a devotee of peace and dialogue, President says
US stocks and dollar plunge as Trump attacks Fed chair Powell