Press release 02/09/2005

CONSTRUCTION COSTS INDEX (ICCE) JULY 2005



Construction costs fell 0.1% in the A.C. of the Basque Country in July 2005



Over the last twelve months (July 2005 on July 2004), construction costs increased by 5.0%


The Construction Costs Index of the A.C. of the Basque Country registered a 0.1% decrease in July 2005 with regard to the previous month, by which the inter-annual rate for the month came to 5.0%, according to EUSTAT data.



In July 2005, labour costs did not vary at all (0.0%), while raw material costs fell by 0.1%.


The sub-sectors Building and Civil Works registered a quite similar evolutoin, with a 0.1% decrease in relation to the month before for Building, and a 0.3% drop in raw material costs for Civil Works. In the inter-annual evolution for these two sub-sectors we can see that both followed similar trends: raw material costs rose by 5.4% for Building and by 4.6% for Civil Works.


In July the highest growth in prices corresponded to raw materials consumed by Oil By-Products (3.5%), Lime, gypsum and plaster (2.6%), Asphalt products (2.1%) and Glass (1.1%), among others. Prices fell however, for the raw materials used in Metal Piping (-4.6%), Explosives and gases (-1.5%), Mining Arids (-0.7%), and Baked earth (-0.4%), among others.


Among the prices of raw materials consumed by the sector that experienced the highest rates of inflation in the whole of the last twelve months are the following: Asphalt prodcuts (27.1%), Oil by-products (26.6%), Iron and steel (14.1%), Worked stone (11.8%) and Lime, gypsum and plaster (6.7%). By contrast, there were decreases in the inter-annual prices of the raw materials for Office material (-2.5%), Electric energy (-2.1%), Glass (-1.8%), and Metal structures and boilermaking (-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 fell 0.1% in the A.C. of the Basque Country in July 2005

Operation : 
Construction costs index
Código operación : 
182480
Frequency : 
Mensual
Timeframe : 
JULIO DE 2005
Last updated : 
09/02/2005
Next update : 
04/25/2019
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Síntesis
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