
During the final quarter of 2023, the construction sector saw a notable uptick, with the production index marking a substantial yearly growth of 11.6%. This data, sourced from ELSTAT, highlights the evolving landscape of the Construction Production Index, which is benchmarked with a base year of 2015 at 100.0.
As the figures indicate, the Construction Production Index for the fourth quarter of 2023 exhibited an identical increase of 11.6% when compared to its counterpart from the same period in 2022. However, this growth rate is notably lower compared to the significant surge of 31.1% witnessed during the corresponding period of 2022 over 2021.
Further analysis reveals that in comparison to the third quarter of 2023, the fourth quarter of 2023 saw a remarkable surge of 57.6% in the Construction Production Index, compared to the 52.7% increase observed during the corresponding period in 2022 compared to the third quarter of that year.
Additionally, when accounting for seasonal adjustments, the Construction Production Index for the fourth quarter of 2023 showcased a robust increase of 10.5% when compared to the preceding quarter of the same year.
Source: tovima.com


Latest News

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)

Santorini Safe and Ready for a Dynamic Tourism Season
Authenticity, cultural heritage, and genuine experiences at the center of Santorini's new promotional campaign

Electricity Bills: Greece Announces Reduced Tariffs Schedule
Greece will now offer lower electricity rates between 11:00-15:00 and 02:00-04:00

Chevron Confirms Eyeing Natural Gas Exploration South of Crete
Chevron recently declared its intent to explore a third area, south of the Peloponnese.

Evangelos Marinakis: A time of change from which shipping can benefit
Speaking at the 19th Annual Capital Link International Shipping Forum Evangelos Marinakis stressed the challenges that shipping faces today

Retail Trade in Greece Up 2.5% in December 2024: ELSTAT
In January 2025, the General Turnover Index recorded a 2.5% increase compared to January 2024. Compared to December 2024, it recorded a significant decline of 18.4%