Press release 29/04/2005

CONSTRUCTION COSTS INDEX (ICCE) MARCH 2005



Construction costs rose 0.2% in the A.C. of the Basque Country in March 2005



Over the last twelve months (March 2005 on March 2004) construction costs increased by 6.3%.


The Construction Costs Index in the A.C. of the Basque Country registered a 0.2% rise in March 2005 with regard to the previous month, by which the inter-annual rate for the month came to 6.3%, according to EUSTAT data.



Labour costs did not vary at all (0.0%) in March 2005, whereas raw material costs increased by 0.3%.


The subsectors of Building and Civil Works registered different results, with 0.2% growth in relation to the previous month for Building, and a 0.7% rise for raw material costs for Civil Works. The inter-annual evolution of these two subsectors shows that both followed identical trends: raw material costs for Building and Civil Works grew by 7.4% in both cases.


In March the highest growth in prices occurred for raw materials consumed by Oil by-products (8.3%), Worked stone (6.2%), Asphalt Products (4.1%), Electric energy (2.9%) and Lime, gypsum and plaster (1.7%), among others. On the other hand, there was a reduction in raw material prices for Cleaning and Hygiene Material de (-1.6%), Explosives and gases (-1.0%), Accessories for used machinery (-0.9%) and Iron and steel (-0.6%), among others.


Among the prices of raw materials consumed by the sector that registered higher inflationary rates over the whole of the last twelve months were: Metal piping (33.3%), Iron and steel (27.8%), Asphalt products (24.8%) and Oil by-products (24.1%). In addition, there were reductions in inter-annual prices (March 2005 on March 2004), for raw materials used in Glass (-5.5%), Explosives and gases (-2.4%), Office material (-1.4%), Electric energy (-1.0%) and Timber and cork (-0.1%).




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: 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 rose 0.2% in the A.C. of the Basque Country in March 2005

Operation : 
Construction costs index
Código operación : 
182480
Frequency : 
Mensual
Timeframe : 
MARZO DE 2005
Last updated : 
04/29/2005
Next update : 
11/27/2019
Type of operation : 
Síntesis
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