Cyprus Mail
Cyprus Property

Construction output plunges 33 per cent in Q3 2013

THE Index of Production in Construction for the third quarter of 2013 declined by 32.9 per cent year on year, figures released yesterday by the statistical service CyStat show.

The index is provisionally estimated at 45.6 units (base year 2010=100,0).

Production in buildings declined by 31 per cent, whereas civil engineering projects registered a decrease of 37.1 per cent year on year.

Furthermore, according to CyStat, the Output Prices Index in Construction for the third quarter of 2013 is provisionally estimated at 100.7 units, recording a decrease of 0.7 per cent over the second quarter of 2013. Compared to the same quarter of the previous year, the index recorded a decrease of 2.6%.

Output index for buildings declined by 2.3 per cent year on year and by 3.2 per cent for civil engineering projects.

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