Cyprus Mail

Construction output rises 11% in Q2, prices drop 3.9%

Construction activity rose an annual 11 per cent in the second quarter of the year in which producer prices dropped 3.9 per cent, the statistical service said.

The construction output index rose in the second quarter to 50.7 from 42.6 in January to March, and is the second highest since 2013, Cystat said in a statement on its website on Wednesday.

The output in buildings rose an annual 5.3 per cent in the second quarter to 54 while the civil engineer projects rose 34 per cent to 42.2, Cystat said.

In a separate statement, Cystat said that producer prices in construction rose 0.8 per cent for buildings in April to June to 94.8 per cent, and dropped 13 per cent to 101.4 for civil engineer projects.

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