Construction materials index drops 1.32% annually

According to CySTAT, the Price Index of Construction Materials for May 2024 showed an annual decline of 1.32%. According to the most recent data, the index increased slightly from the previous month to 117.35 units (base year 2021=100), a gain of 0.11%.

Diverse patterns may be seen in CySTAT's analysis by major commodity categories. The metallic items had a significant decrease of 6.68%, but the electromechanical products had an increase of 3.24%. In addition, there was a 1.01% increase in minerals, a 0.49% increase in mineral products, and a 0.30% increase in items including plastics, chemicals, wood, and insulation.

When comparing the January–May 2024 period to the same time in 2023, the index indicates a decrease of 1.81%.

These figures highlight the changing patterns in the building materials industry, which show both growth and decreases in many product categories.

For further information, CySTAT's official report provides comprehensive insights into the current market structure of construction materials.