Economy · Cyprus
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Generated by AI from the 3 sources below · always verify with the originals
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AI-synthesised from 3 sources · no editorial bias
In the first quarter of 2026, Cyprus' construction sector experienced a 0.7% year-on-year increase in production, according to data released by the Statistical Service of Cyprus (Cystat). This modest growth coincided with a more significant rise in output prices, which surged by 4.7% during the same period. The Index of Production in Construction reached 120.74 points, reflecting the ongoing trends within this sector.
While the production levels saw a slight uptick, the increase in prices points to rising costs affecting the construction industry. The disparity between the growth in production and the more considerable hike in prices indicates a challenging economic environment for builders and contractors in Cyprus, as they face higher costs while production growth remains limited.
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