Sunday, January 24We Break the News

Cyprus Construction Output Rebounds in Q3

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Construction output in Cyprus increased 0.7 percent year-on-year in the third quarter of 2020, rebounding from an upwardly revised 23.4 percent slump in the previous period. It was the first gain in construction output since the last quarter of 2019, mainly due to a rebound in building activity (2.3 percent vs -25.8 percent in Q3). On the other hand, civil engineering works decreased faster (-9.1 percent vs -5.5 percent).

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