CYPRUS: Construction output sees growth for first time in seven years

 
According to the statistical service Cystat, the Index of Production in Construction for the third quarter of 2015 reached 39.4 units (base year 2010=100), up 6.8% over the third quarter of 2014.
By type of project, there was an increase of 20.9% for buildings and a decrease of 25.6% for civil engineering projects in the third quarter of 2015 compared to the same quarter of 2014.
The Output Prices Index in Construction for the third quarter of 2015 reached 98.3 units (base year 2010=100), down 2.3% over the second quarter of 2015. Compared to the same quarter of the previous year, the index recorded a decrease of 1.9%.
According to Cystat, by type of project, a decrease of 0.6% was observed for buildings and of 4.6% for civil engineering projects in the third quarter of 2015, compared to the same quarter of 2014.