Press release 29/10/2003

CONSTRUCTION COSTS INDEX (ICCE) SEPTEMBER 2003



Construction costs in the A.C. of the Basque Country remained stable (0.0%) in September 2003



The inter-annual growth rate (September 2003 in relation to September 2002) came to 2.3%.


The Construction Costs Index for the A.C. of the Basque Country remained stable (0.0%) in September 2003 in relation to the previous month, making the inter-annual rate 2.3%, according to EUSTAT data. The rate for the first nine months of the year, compared to last December, also increased by 2.3%.




In the inter-annual period (September 2003 in relation to September 2002) labour costs increased 5.8%, while costs of raw materials fell by 0.1%.


Total costs in the Building and Civil Works sub-sectors followed opposing courses: while in Building there was an increase of 0.1% with regard to the previous month, in Civil Works costs fell 0,2% in relation to August. The inter-annual evolution of these sub-sectors showed a slightly differing growth pattern: Building costs increased by 2.2%, while in Civil Works the increase was 2.6%.


As for raw material prices, among the most inflationary rates for September 2003 were: Asphalt products (5.4%), Metal piping (1.0%), Lime, gypsum and plaster (1.0%), Machinery accessories (0.6%), Oil and grease (0.5%) and Paint and varnish (0.3%). By contrast, average monthly prices fell for the following raw materials: Oil by-products (-4.7%), Cleaning and hygiene material (-2.1%), Explosives and gases (-0.8%) and Mining arids (-0.3%).







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 remained stable (0.0%) in September 2003

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SETIEMBRE DE 2003
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10/29/2003
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