Press Release 30/04/2008

BUILDING COSTS INDEX (ICCE) MARCH 2008



Building costs in the Autonomous Community of the Basque Country went up by 0,1% in March 2008



Over the last twelve months (March 2008 compared with March 2007) building costs experienced an increase of 6%


The Building Costs index in the Autonomous Community of the Basque Country registered an increase of 0,1% in March 2008 with respect to the previous month, as a consequence of which the inter-annual rate for that month reaches 6%, according to data facilitated by EUSTAT, the Basque Statistics Office.



Inter-annual variation rates, 1997-2008

Source: Eustat


In the month of March 2008, labour costs did not vary at all (0.0%) whereas raw materials costs registered an increase of 0.2%.


The Building and Civil Works subsectors registered a similar evolution, with a growth of 0.2% in Building costs over the previous month, whereas in the Civil Works subsector raw material costs increased by 0.1%. 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 5.7%, whereas Civil Works raw materials accumulated an increase of 6.5%.


In the month of March, the highest price increases took place in the following raw materials used: Electronic material (1.8%), Metallurgy (1.1%) and Furniture manufacture (1.1%). On the other hand, a reduction in prices was observed in Electric power and gas (-2.5%), and non-metal industry (-0.8%).


Among the prices of raw materials used by the sector that experienced the highest rates of inflation throughout the last twelve months are: Electric power and gas (14.6%), Non-metal minerals (11.9%) Water (10.9%) and Petrol refining (10.2%). On the other hand, interannual price decreases or lesser increases (March 2008 compared to March 2007) were observed in raw materials related to Electronic material (-2.2%) and Metallurgy (0.2%).




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

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Building costs in the Autonomous Community of the Basque Country went up by 0,1% in March 2008

Operation : 
Construction costs index
Código operación : 
182480
Frequency : 
Mensual
Timeframe : 
MARZO DE 2008
Last updated : 
04/30/2008
Next update : 
04/25/2019
Type of operation : 
Síntesis
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Licence : 
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http://en.eustat.eus/elementos/not0004587_i.html
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