- Cyprus Property News Magazine - http://www.news.cyprus-property-buyers.com -

Cyprus construction output falls 17 percent

ACCORDING to a Eurostat news release published earlier today construction output in Cyprus during the third quarter fell 16.8% compared with the same period in 2010, following a fall of 3.1% during the second quarter.

This is the third highest fall amongst the 27 EU member states after Slovenia and Ireland, where construction output declines 25.5% and 18.6% respectively. Construction output also fell in Greece during the third quarter, by 8.3%.

Further reading

Eurostat Construction output news release