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Why have construction output prices not fallen?

Although output in the island’s construction sector is around one quarter of it what it was twelve years ago, output prices have taken a long time to respond, falling by only 0.4 per cent in 2012.

Construction decline second highest in EU

Construction activity in Cyprus saw the second highest decline in the European Union during the second quarter of 2012 after Greece according to figures published earlier today by Eurostat.

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