Press release 30/06/2003

CONSTRUCTION COSTS INDEX (ICCE) MAY 2003



Construction costs in the A.C. of the Basque Country did not vary (0.0%) in May 2003



The inter-annual growth rate (May 2003 in relation to May 2002) was 3.3%.


The Construction Costs Index of the A.C. of the Basque Country did not vary in May 2003 with regard to the previous month, by which the inter-annual rate for the month came to 3.3%, according to EUSTAT data. The rate for the first five months in relation to last December showed a 3.1% increase.



In the inter-annual period (May 2003 in relation to May 2002) labour costs increased by 5.8%, while raw material costs rose 1.5%.


The stability of total costs in May 2003 is due to the opposite effects of the two main subsectors: Building costs rose 0.1%, while Civil Works costs fell during the reference month (-0.2%); however, in the inter-annual evolution of the subsectors, both grew to a similar degree, as Building costs increased 3.3%, while Civil works rose 3.1%.


Among the prices of raw materials that registered the highest inflation rates in May 2003 were: Glass (4.5%), Lime, gypsum and plaster (2.0%), Electric energy (1.7%) and Iron and steel (0.9%). On the other hand, reductions were registered in the average monthly prices of raw materials for Oil by-products (-4.7%), Plastic piping (-0.4%) and Explosives and gases (-0.2%), amongst others.






For further information:

Euskal Estatistika-Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tel:+34-945-01 75 00 Fax:+34-945-01 75 01 E-mail: eustat@eustat.es
Contact person Enrique Morales Zubizarreta
Tel:+34-945-01 75 05 Fax:+34-945-01 75 01
Press releases on the Internet: www.eustat.es
 

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Construction costs in the A.C. of the Basque Country did not vary (0.0%) in May 2003

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Construction costs index
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182480
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MAYO DE 2003
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06/30/2003
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04/25/2019
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