Index of production in construction up by 7.4%

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 the Statistical Service on Tuesday.

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%

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

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.