Press release 30/07/2008

CONSTRUCTION COSTS INDEX (ICCE) JUNE 2008



Building costs in the A.C. of the Basque Country increased by 0.4% in June 2008



Over the last twelve months (June 2008 compared to June 2007) building costs have registered a 7.7% increase


Construction Costs Index registered a 0.4% increase in the Autonomous Community of the Basque Country in June 2008 with respect to the previous month, which means the year-on-year rate for that month stood at 7.7%, according to data facilitated by EUSTAT.


Changes in the inter-annual rate, 1997-2008



In the month of June 2008, labour costs experimented no change at all (0.0%), whereas raw material costs registered an increase of 0.5%.


The Building and Civil Works sub-sectors showed different trends, with a 0.3% increase over the previous month in Building, while raw materials for Civil Works went up by 1.0%. The year-on-year evolution of these two sub-sectors reveal a greater gap between them, as the cost of building raw materials increased by 7.6%, while Civil Works raw materials increased by 9.7%.


In the month of June the highest increases in prices were observed in raw materials for Oil By-products (4.0%), Metallurgy (1.7%),and Electrical Material (1.1%). On the other hand, prices of Electricity and Gas (-0.4%), Non-metallic Minerals (-0.1%) and Electronic Material (-0.1%) fell.


Amongst the prices of raw materials consumed by the sector that have experienced the highest inflation rates over the last twelve months are: Oil By-products (18.9%), Non-metallic Minerals (15.2%), Electricity and Gas (11.9%) and Water (11.4%). On the other hand, smaller increases were registered in the year-on-year prices (June 2008 compared to June 2007) of raw materials for Electronic Material (-3.0%), Timber Industry (2.4%) and Machinery (2.5%).




Source: EUSTAT



For further information:

Euskal Estatistika-Erakundea / Basque Statistics 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: Gerardo Pérez Aja
Tel:+34-945-01 75 06 Fax:+34-945-01 75 01
Online press releases: www.eustat.es
 

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Building costs in the A.C. of the Basque Country increased by 0.4% in June 2008

Operation : 
Construction costs index
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182480
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Mensual
Timeframe : 
JUNIO DE 2008
Last updated : 
07/30/2008
Next update : 
11/27/2019
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