Press release 03/09/2004

CONSTRUCTION COSTS INDEX (ICCE) JULY 2004



Construction costs in the A.C. of the Basque Country rose by 0.1% in July 2004



During the last twelve months (July 2003 to July 2004), construction costs underwent an increase of 5.6%.


According to EUSTAT data the Construction Costs Index in the A.C. of Euskadi registered an increase of 0.1% in the month of July 2004 compared to the previous month, leaving the inter-annual rate for this month at an increased rate of 5.6%.



In July 2004, the labour costs did not undergo any change (0.0%), while the costs of raw materials registered an increase of 0.2%.


The Building and Civil Works sub-sectors increased by different rates, with an increase of 0.1% on the previous month in Building and an increase of 0.5% in the costs of raw materials for Civil Works, that is four decimal points more. Analysis of the inter-annual changes in these two sub-sectors reveals that, with regard to the consumption of raw materials, both sectors followed more similar paths: raw material costs in Building and Civil Works increased by 6.5% and 6.7% respectively.


The most substantial increases in prices in July occurred in raw materials for the Petroleum Derivatives sector (5.1%), Asphalted Products (4.3%), Metallic Tubes (2.9%), Machinery Accessories (2.1%) and Electric Energy (2.0%). On the other hand, there was a reduction in the prices of the raw materials in Cleaning and Toiletry Products (-3.2%), Plaster and Whitewash (-2.1%), Iron and Steel (-0.9%) and Electrical Material and Apparatus (-0.4%), among others.


Featuring among the raw materials consumed by the sectors which undergone higher inflation rates throughout the last twelve months are: Metallic Tubes (38.2%), Iron and Steel (25.2%), Asphalted products (22.1%), Petroleum Derivatives (14.8%) and Articles derived from Cement (7,8%). On the other hand raw materials for Stonemasonry (-7.2%), Cleaning and Toiletry Products (-3.8%), Electric energy (-3.7%), Office Material (-2.1%), Gases and Explosives (-1.0%) Glass (-0.7%) and Plaster and Whitewash (-0.2%) have all registered falls in their inter-annual rates (July 2003-July 2004).



Source: EUSTAT





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: 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 by 0.1% in July 2004

Operation : 
Construction costs index
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182480
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Mensual
Timeframe : 
JULIO DE 2004
Last updated : 
09/03/2004
Next update : 
04/25/2019
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