Press release 08/01/2004

CONSTRUCTION COSTS INDEX (ICCE) NOVEMBER 2003


Construction costs in the A.C. of the Basque Country fell 0.1% in November 2003



The inter-annual growth rate (November 2003 in relation to November 2002) came to 2.5%.


The Construction Costs Index of the A.C. of the Basque Country registered a 0.1% decrease in November 2003 in relation to the previous month, by which the inter-annual rate for the month came to 2.5%, according to EUSTAT data. The rate for the first eleven months of the year in relation to December, showed a 2.4% increase.




Over the inter-annual period (November 2003 in relation to November 2002) labour costs increased by 5.8%, while raw material costs registered a 0.2% increase.


The subsectors Building and Civil Works registered similar performances with a 0.1% decrease with regard to the previous month in both cases. The inter-annual evolution of these two subsectors showed that both grew, although to differing levels: Building costs grew 2.3%, while Civil Works accumulated a 3.1% increase.


Among the raw material prices related to the sector that were more inflationary in November 2003 were: Electric energy (1.6%), Cleaning and toiletry articles (0.7%), Plastic piping (0.7%), Office material (0.5%) and Iron and steel (0.4%). On the other hand, average monthly prices fell for the following raw materials: Work clothing (-3.9%), Oil and grease (-2.7%), Lime, gypsum and plaster (-2.6%), Glass (-1.8%) and Explosives and gases (-1.3%).







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 fell 0.1% in November 2003

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Construction costs index
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182480
Frequency : 
Mensual
Timeframe : 
NOVIEMBRE DE 2003
Last updated : 
01/08/2004
Next update : 
11/27/2019
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