Insider Economy Construction production and output prices up in Q4 and entire 2018

Construction production and output prices up in Q4 and entire 2018

Both construction output prices and production were up in the fourth quarter and during the entire 2018, data released by the Cyprus Statistical Service, on Friday, show.

According to the data, the index of production in construction for the fourth quarter of 2018 reached 203.3 units (base year 2015=100.0), recording an increase of 14.2% over the fourth quarter of 2017.

By type of project, an increase of 14.2% was observed for buildings and of 13.9% for civil engineering projects in the fourth quarter of 2018 compared to the same quarter of 2017.

For the period January-December 2018, the overall index registered an increase of 17.0% over the same twelve-month period of 2017. An increase of 20.6% was recorded in the index for buildings and of 2.1% for civil engineering projects.

The Statistical service data show that the output prices index in construction for the fourth quarter of 2018 reached 107.5 units (base year 2015=100.0), recording an increase of 1.4% over the third quarter of 2018. Compared to the same quarter of the previous year, the index recorded an increase of 4.7%.

By type of project, an increase of 2.8% was observed for buildings and of 11.6% for civil engineering projects in the fourth quarter of 2018 on an annual basis.

For the period January-December 2018, the overall index registered an increase of 4.2% over the same period of 2017. An increase of 3.4% was recorded in the index for buildings and of 7.2% for civil engineering projects.

(Cyprus News Agency)

Top Stories

369 new cases through PCR tests, two deaths announced on Saturday

The Health Ministry announced the death of two persons due to COVID-19. Specifically, a woman 82 with underlying conditions, who had been treated at...

38-year-old arrested for sending videos of minor’s sexual abuse

The Police’s Office for Combating Cybercrime arrested a 38-year-old on the basis of an arrest warrant within the framework of investigating a case of...

Final phase of MEDUSA Multinational Exercise concluded

The final phase of the multinational aeronautical exercise "MEDUSA-10/20", which took place in the sea northwest of the city of Alexandria in Egypt, was...

PM Johnson and EU chief seek to break Brexit impasse

British Prime Minister Boris Johnson will speak to European Commission President Ursula von der Leyen on Saturday to try to break an impasse in...

Moscow rolls out Sputnik V COVID-19 vaccine to most exposed groups

Moscow began distributing the Sputnik V COVID-19 shot via 70 clinics on Saturday to the most exposed groups, marking Russia's first large-scale vaccination against...

Taste

Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...

Mezedes

No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...