Index of production in construction shows annual increase of 6.5%

Date:

The Index of Production in Construction during the third quarter of 2024 reached 110.92 units (base year 2021=100.00), recording an increase of 6.5% over the third quarter of 2023.

According to the Statistical Service of Cyprus, for the period January-September 2024, the Index registered an increase of 5.2% compared to the corresponding period of 2023.

The Output Prices Index in Construction for the third quarter of 2024 reached 120.60 units (base year 2021=100.00), recording a marginal increase of 0.7% relative to the second quarter of 2024.

Compared to the same quarter of the previous year, the Index increased by 3.7%.

For the period January-September 2024, the Index registered an increase of 4.3% over the corresponding period of 2023.

Also read: What’s in store for 2025? Predictions, challenges and key events

Source: CNA

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