Press release 02/28/2007

CONSTRUCTION COSTS INDEX (ICCE) JANUARY 2007



Construction costs rose by 2.2% in the A.C. of the Basque Country in January 2007



Over the last twelve months (January 2007 on January 2006) construction costs increased by 5.4%.


The Construction Costs Index of the A.C. of the Basque Country increased by 2.2% in January 2007 with regard to the previous month, which meant the inter-annual rate for the month came to 5.4%, according to EUSTAT data.


Changes in the inter-annual rate, 1997-2007



(*)The increase shown is the inter-annual one for January

Source: EUSTAT


In January 2007 labour costs increased by 3.5%, while raw material costs also increased by 1.6%.


The subsectors Building registered 1.7% growth in raw material costs with regard to the previous month, while Civil increased by 1.0%. The inter-annual evolution of these two subsectors shows that they follow slightly different trends: raw material costs of Building grew by 6.7%, while raw material costs of Civil Works accumulated 5.0% growth.


In January the highest growth in prices corresponded to raw materials consumed by Artificial cement (5.8%), Lime, gypsum and plaster (3.9%), Paint and varnish (3.7%), Glass (3.4%), Mining Arids (3.3%) and Articles derived from cement (3.0%), among others. By contrast, there was a reduction in the prices of raw materials for Oil By-Products (-5.0%), Asphalt products (-3.0%), Cleaning and hygiene material (-2.7%), Electric appliances and material (-0.8%) and material Metal piping (-0.1%).


Among the prices of raw materials consumed by the sector that registered the highest inflation over the whole of the twelve months were: Iron and steel (21.8%), Electric energy (21.2%), Metal piping (18.4%) and Glass (15.2%). In addition, there were reductions in inter-annual prices (January 2007 on January 2006) for the raw materials used by Oil by-products (-12.5%), Asphalt products (-7.9%), Cleaning and hygiene material (-2.1%) and Ceramic products (-0.1%).


Construction costs index A.C. of Euskadi / Data summary. January 2007



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
Databank: www.eustat.eus/bancopx/spanish/indice.aspx
 

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Construction costs rose by 2.2% in the A.C. of the Basque Country in January 2007

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Construction costs index
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ENERO DE 2007
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02/28/2007
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