Press release 30/01/2009

CONSTRUCTION COSTS INDEX (ICCE) DECEMBER 2008



Construction costs in the Basque Country were down by 0.4% in December 2008 compared to the previous month



Construction costs increased by 5.9% during 2008


The Construction Costs Index fell by 0.4% in the Basque Country in December 2008 with respect to the previous month, according to data facilitated by EUSTAT. The overall rate for 2008 was up 5.9% on December 2007.


Changes in the year-on-year rate, 1997-2008

Source: EUSTAT


During the annual period (December 2008 compared to December 2006), labour costs increased by 6.3%, whereas raw material costs were up by 5.7%.


In December, the cost of raw materials in the Building and Civil Works sub-sectors evolved differently, with a 2.5% decrease compared to the previous month in Civil Works, while the costs of raw materials for Building remained steady (0.0%). Both sub-sectors recorded growth during the year, but at different intensities: raw material costs for Building was up 6.6%, whereas those of raw materials for Civil Works accumulated a 2.3% increase.

The prices of raw materials consumed by the sector that have experienced the highest inflation rates over the last twelve months include: Electricity and Gas (14.4%), Metallic and Non-metallic Minerals (13.1%), Water (11.4%) and the Chemical Industry (6.8%). On the other hand, there was a decrease in the annual prices of Oil By-products (-21.6%) and Electronic Equipment (-3.2%) raw materials.


Building costs Index - Basque Country. Data development. December 2008

Source: EUSTAT




For further information:

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

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Construction costs in the Basque Country were down by 0.4% in December 2008 compared to the previous month

Operation : 
Construction costs index
Código operación : 
182480
Frequency : 
Mensual
Timeframe : 
DICIEMBRE DE 2008
Last updated : 
01/30/2009
Next update : 
11/27/2019
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