Press Release 30/05/2008

CONSTRUCTION COSTS INDEX (ICCE) APRIL 2008



Construction costs in the A.C of the Basque Country went up by 0.4% in April 2008



Over the last twelve months (April 2008 compared with April 2007) building costs experienced a 7.1% increase.


The Construction Costs Index in the A.C of the Basque Country registered an increase of 0.4% in April of 2008 with respect to the previous month, as a consequence of which the inter-annual rate for that month reached 7.1%, according to Eustat data.


Inter-annual variation rates 1997-2008



(*) The increase specified is the carryover correnponding to April

Source: EUSTAT


In April 2008 labour costs did not change (0.0%) whereas costs of raw materials rose by 0.5%.


The Building and Civil Works sub-sectors showed different trends. Building rose 0.4% over the previous month and the cost of raw material for Civil Works rose 0.9%. It can be observed that the inter-annual evolution of both sub-sectors follow different trajectories: the cost of raw material for Building has risen 7.2% whereas the cost of raw material for Civil Works has gone up 7.7%.


In April the highest increases in prices were observed in raw materials for Metallurgy (2.5%) and Oil By-Products (2.4%). Conversely, the price dropped for Electronic Material (-1.5%) and Electricity and Gas (-1.4%).


Amongst the prices of raw materials consumed by the sector with the highest inflation rates over the last twelve months are: Non-Metallic Minerals (16.4%), Electricity and Gas (12.2%), Water (11.4%) and Oil By-Product (9.0%). On the other hand there were less dramatic price increases in inter-annual prices (April 2008 compared with April 2007) of raw materials for Metallurgy (0.3%), Machinery (2.0%) and Timber Industry (2.1%).


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



Source: EUSTAT



For more information:

Euskal Estatistika-Erakundea / Instituto Vasco de Estadística/Basque Statistic Office
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tlf:+34-945-01 75 00 Fax:+34-945-01 75 01 E-mail: eustat@eustat.es
Contact Person Gerardo Pérez Aja
Tlf:+34-945-01 75 06 Fax:+34-945-01 75 01
Press Release on the web: www.eustat.es
 

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Construction costs in the A.C of the Basque Country went up by 0.4% in April 2008

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Construction costs index
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182480
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Mensual
Timeframe : 
ABRIL DE 2008
Last updated : 
05/30/2008
Next update : 
06/26/2019
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