Press release 30/09/2004

CONSTRUCTION COSTS INDEX (ICCE) AUGUST 2004



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



In the last twelve months (August 2004 in relation to August 2003), construction costs experienced a 6.5% increase.


The Construction Costs Index of the A.C. of the Basque Country registered a rise of 0.5% in August 2004 with regard to the previous month, making an inter-annual rate of 6.5% for this month, according to EUSTAT data.


Raw material costs registered a 0.8% increase compared to the previous month, with identical evolution in Building and Civil Works (0.8%). The inter-annual evolution for these two sub-sectors, as regards raw materials, shows that they followed similarly homogenous patterns: costs of raw materials for Building and Civil Works grew by 7.8% and 7.5% respectively.


In August, the highest price rises were for the raw materials used in Electric energy (3.7%), Metal piping (3.2%), Oil and grease (2.9%), Asphalt products (2.6%), Lime, plaster and gypsum (2.5%) and Oil by-products (2.2%). Conversely, there were reductions in the prices of the raw materials of Explosives and gases (-1.5%), Glass (-1.1), Plastic piping and heat insulation (-0.4%) and Artificial cement (-0.3%), among others.


Among the raw materials used by the sector to experience the highest rates of inflation over the whole of the twelve-month period were: Metal piping (40.7%), Iron and steel (30.5%), Asphalt products (22.1%), Oil by-products (14.0%) and Cement by-products (9.8%). On the other hand, there were inter-annual price reductions (August 2004 in relation to August 2003) for the raw materials of Worked stone (-3.7%), Explosives and gases (-3.5%), Cleaning and hygiene material (-2.1%), Office material (-1.8%), Glass (-1.6%) and Electric energy (-1.2%).








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: Gerardo Pérez Aja
Tel:+34-945-01 75 06 Fax:+34-945-01 75 01
Press releases on the Internet: www.eustat.es
Data bank: www.eustat.eus/bancopx/spanish/indice.aspx
 

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

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Construction costs index
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182480
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Mensual
Timeframe : 
AGOSTO DE 2004
Last updated : 
09/30/2004
Next update : 
07/29/2019
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