Press Release 28/02/2008

BUILDING COSTS INDEX (ICCE) JANUARY 2008



Building costs in the Autonomous Community of the Basque Country went up by 2.7% in January 2008


Over the last twelve months (January 2008 compared with January 2007) building costs experienced an increase of 3.7%


The Building Costs index in the Autonomous Community of the Basque Country registered an increase of 2.7% in January 2008 with respect to the previous month, as a consequence of which the inter-annual rate for that month reaches 3.7%, according to data facilitated by EUSTAT, the Basque Statistics Office.


Inter-annual variation rates, 1997-2008



Source: Eustat


In the month of January 2008 labour costs increased by 4.5%, whereas raw materials costs registered an increase of 1.9%.


The Building subsector registered a growth of 2.0% in raw materials costs over the previous month, whereas the Civil Works subsector such costs increased by 1.6%. In the interannual evolution of those two subsectors it was observed that both registered increases albeit with different intensities: raw materials costs in Building grew by 3.0%, whereas Civil Works raw materials accumulated an increase of 5.3%.


In the month of January, the highest price increases took place in the following raw materials used: Lime, gypsum and plaster (5.0%), Articles derived from cement (4.4%), Artificial cement (2.8%), Wood and cork (1.5%), Metal carpentry (1.4%) and Metal Structures (1.4%), among others. On the other hand, a reduction in prices was observed in Petroleum derivates (-0.9%), Oils (-0.9%), Paints and varnishes (-0.6%) and Asphalt products (-0.5%).


Among the prices of raw materials used by the sector that experienced the highest rates of inflation throughout the last twelve months are: Petroleum derivates (28.8%), Asphalt products (20.9%) and Glass (16.7%). On the other hand, interannual price decreases (January 2008 compared to January 2007) were observed in raw materials related to Oils (-4.3%), Iron and steel (-3.7%), Metal structures (-0.5%) and Electric power (-0,2%).



Building Costs Index - Autonomous Community of the Basque Country / Data Development. January 2008



Source: EUSTAT


For more information:

Euskal Estatistika-Erakundea / Basque Statistics Office
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 Person Gerardo Pérez Aja
Tel:+34-945-01 75 06 Fax:+34-945-01 75 01
Press Releases in the Internet: www.eustat.es
Databank: http://www.eustat.eus/bancopx/english/indice.aspx

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Building costs in the Autonomous Community of the Basque Country went up by 2.7% in January 2008

Operation : 
Construction costs index
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182480
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Mensual
Timeframe : 
ENERO DE 2008
Last updated : 
02/28/2008
Next update : 
04/25/2019
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