Press release 31/01/2005

CONSTRUCTION COSTS INDEX (ICCE) DECEMBER 2004



Construction costs fell 0.1% in the A.C. of the Basque Country in December 2004



In 2004 construction costs increased by 7.1%


The Construction Costs Index of the A.C. of the Basque Country registered a 0.1% decrease in December 2004 with regard to the previous month, by which the inter-annual rate for the month came to 7.1%, according to EUSTAT data. The rate for the whole of 2004, therefore, registered a 7.1% increase in relation to December 2003.



Over the inter-annual period (December 2004 in relation to December 2003) labour costs increased 3.8%, while raw material costs rose by 8.7%.


The subsectors of Building and Civil Works have registered a somewhat different evolution in raw material costs, with a O.1% decrease for Building and a 0.4% fall in raw material costs for Civil Works with regard to the previous month. The inter-annual evolution of these two subsectors shows that they follow different trends: raw material costs for Building grew by 8.9%, while costs for Civil Works increased 7.8%.


Among the raw materials consumed by the sector that increased most in price over the whole of 2004 in relation to December the year before were: Metal piping (42.6%), Iron and Steel (37.1%), Asphalt products (29.6%) and Oil by-products (13.0%). On the other hand, reductions in annual prices (December 2004 in relation to December 2003) were registered by the raw materials for Glass (-2.9%), Electric energy (-1.5%), Electric equipment and material (-0.3%) and Wood and cork (-0.2).







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

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Construction costs fell 0.1% in the A.C. of the Basque Country in December 2004

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Construction costs index
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182480
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Mensual
Timeframe : 
DICIEMBRE DE 2004
Last updated : 
01/31/2005
Next update : 
07/29/2019
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