Press release 30/04/2010
Construction costs in the Basque Country rose 0.1% in March 2010 compared to the previous month
Over the last twelve months (March 2010 compared to March 2009) building costs registered a 1.0% increase
The Construction Costs Index rose by 0.1% in the Basque Country in March 2010 with respect to the previous month, which meant that the year-on-year rate for that month increased by 1.0%, according to EUSTAT data.
In March 2010, labour costs remained unchanged (0.0%), whereas raw material costs rose by 0.1%.
In March, the costs of raw materials in the Building and Civil Works performed differently, with a 0.1% decrease in Building costs, while they increased by 0.9% in the case of Civil Works. There were differences in the performances of both sub-sectors during the year: building raw material costs fell by 0.1%, whereas those for Civil Works accumulated a 4.6% increase.
Oil By-products (40.3%) stood out among the prices of raw materials consumed by the sector that experienced the highest inflation rates over the last twelve months. Other sectors with positive price increases included Non-metal Industry (1.7%), Chemical Industry (1.0%) and Electrical Equipment (0.8%). On the other hand, the annual prices (March 2010 compared to March 2009) of raw materials decreased in the following sectors: Electricity and Gas (-7.9%), Metallic Articles (-2.7%), Metallurgy (-2.4%) and Electronic Equipment (-2.3%), among others.
For further information:
Euskal Estatistika-Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tlf:+34-945-01 75 00 Fax:+34-945-01 75 01 E-mail: email@example.com
Contact: Gerardo Pérez Aja
T el:+34-945-01 75 06 F ax:+34-945-01 75 01
Online press releases: Index of construction costs
Databank Index of construction costs