Construction output in Greece declined by 3.5% year-on-year in the first quarter of 2025, reversing a 23.6% growth in the previous quarter. This marked the first contraction since the first quarter of 2021, dragged by lower output in civil engineering (-9.9% vs 38.7% in Q4) and specialized construction (-4% vs 11.7%). At the same time, growth in building construction decelerated sharply (4.8% vs 18.9%). On a quarterly basis, construction output plunged by 50.9% in the March quarter, marking a sharp reversal from a 52% expansion in the preceding period. source: National Statistical Service of Greece

Construction output in Greece decreased 3.50 percent in March of 2025 over the same month in the previous year. Construction Output in Greece averaged -3.36 percent from 2001 until 2025, reaching an all time high of 52.10 percent in the third quarter of 2016 and a record low of -51.40 percent in the second quarter of 2005. This page provides - Greece Construction Output- actual values, historical data, forecast, chart, statistics, economic calendar and news. Greece Construction Output - data, historical chart, forecasts and calendar of releases - was last updated on September of 2025.



Calendar GMT Reference Actual Previous Consensus TEForecast
2025-03-14 10:00 AM
Construction Output YoY
Q4 23.6% 18.6% 12.0%
2025-06-13 09:00 AM
Construction Output YoY
Q1 -3.5% 23.6% 2.4%
2025-09-15 09:00 AM
Construction Output YoY
Q2 -3.5% -4.0%


Related Last Previous Unit Reference
Building Permits 2717.00 2334.00 Units May 2025
Construction Output YoY -3.50 23.60 percent Mar 2025
Home Ownership Rate 69.70 69.60 percent Dec 2024
Housing Index 105.10 102.30 points Mar 2025
Price to Rent Ratio 156.59 157.89 Mar 2025
Residential Property Prices 6.81 7.01 Percent Mar 2025

Greece Construction Output
In Greece, the Production Index in Construction (IPC) is an important business cycle indicator, which shows the quarterly activity in the production of building construction and the production of civil engineering sectors.
Actual Previous Highest Lowest Dates Unit Frequency
-3.50 23.60 52.10 -51.40 2001 - 2025 percent Quarterly
WDA

News Stream
Greece Construction Output Shrinks for 1st Time in 4 Years
Construction output in Greece declined by 3.5% year-on-year in the first quarter of 2025, reversing a 23.6% growth in the previous quarter. This marked the first contraction since the first quarter of 2021, dragged by lower output in civil engineering (-9.9% vs 38.7% in Q4) and specialized construction (-4% vs 11.7%). At the same time, growth in building construction decelerated sharply (4.8% vs 18.9%). On a quarterly basis, construction output plunged by 50.9% in the March quarter, marking a sharp reversal from a 52% expansion in the preceding period.
2025-06-13
Greece Construction Output Growth Accelerates in Q4
Construction output in Greece climbed by 23.6% year-on-year in the fourth quarter of 2024, following an upwardly revised 18.6% increase in the previous quarter. Production rose sharply for civil engineering (38.7% vs 24.5% in Q3) and building construction (18.9% vs 16.2%). Meanwhile, output growth slowed further for specialized construction (11.7% vs 15.5%). On a quarterly basis, construction output jumped by 52% in the December quarter, rebounding from a 0.1% fall in the preceding period.
2025-03-14
Greece Construction Output Growth Climbs in Q3
Construction output in Greece climbed by 17.9 percent year-on-year in the third quarter of 2024, from an upwardly revised 14.8 percent rise in the previous quarter. Production rose significantly for building construction (15.9 percent vs 6.7 percent in Q2) and civil engineering (25.2 percent vs 18.1 percent). Meanwhile, output slowed for specialized construction activities (13.2 percent vs 18.9 percent). On a quarterly basis, construction output slipped 0.1 percent in the third quarter of 2024, following a downwardly 29.3 percent growth in the previous quarter.
2024-12-13