Press release 30/04/2004

CONSTRUCTION COSTS INDEX (ICCE) MARCH 2004



Construction costs in the A.C. of the Basque Country rose 0.5% in March 2004



Over the last twelve months (March 2004 in relation to March 2003), construction costs underwent a rise of 3.9%.


The Construction Costs Index of the A.C. of the Basque Country registered a 0.5% rise during March 2004 in relation to the previous month, making the inter-annual rate for the month 3.9%, according to EUSTAT data.

In March 2004, labour costs underwent no change at all (0.0%), while raw material costs registered a rise of 0.8%.


The sub-sectors of Building and Civil Works registered differing evolutions, with 0.7% growth compared to the previous month in the case of Building and an increase of 1.2% in the raw material costs for Civil Works, which is to say point five per cent more. The inter-annual evolution of these two sub-sectors also presented differing trends: raw material costs for Building increased 4.2%, while those of raw materials for Civil Works accumulated an increase of 2.5%.


In March the highest price rises occurred in the raw materials consumed in Metal piping (6.7%), Oil by-products (6.0%), Explosives and gases (3.3%), Lime, plaster and gypsum (2.4%) and Iron and steel (2.2%). On the other hand, there were price reductions for the raw materials of Accessories for machinery used (-1.6%), Cleaning and hygiene material (-1.6%), Glass (-1.1%) and Plastic piping and heat insulation (-0.8%), among others.


Among the raw materials consumed by the sector to undergo highest rates of inflation over the last twelve months were: Iron and steel (12.3%), Metal piping (10.1%), Lime, plaster and gypsum (10.0%), Cement by-products (7.5%), and Paint and varnish (7.1%). Conversely, there were reductions in inter-annual prices (March 2004 in relation to March 2003) for raw material prices of Asphalt products (-8.8%), Oil by-products (-8.6%), Worked stone (-5.0%), Office material (-3.9%) and Glass (-3.6%).







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 rose 0.5% in March 2004

Operation : 
Construction costs index
Código operación : 
182480
Frequency : 
Mensual
Timeframe : 
MARZO DE 2004
Last updated : 
04/30/2004
Next update : 
04/25/2019
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