Press release dated 29/06/2010
Construction costs in the Basque Country rose 0.4% in May 2010 compared to the previous month
Over the last twelve months (May 2010 compared to May 2009), construction costs have risen by 1.7%
The Construction Costs Index of the Basque Country rose by 0.4% in May 2010 with respect to the previous month, which meant that the year-on-year rate for that month increased by 1.7%, according to EUSTAT data.
In May 2010, labour costs remained unchanged (0.0%), whereas the costs of raw material rose by 0.5%.
In May, the Building and Civil Works sub-sectors saw their raw material rise in price, with a 0.6% increase in Building costs compared to the previous month, while they were up by 0.3% in the case of Civil Works. There were differences in the performances of both sub-sectors during the year: building raw material costs rose by 1.0%, whereas those for Civil Works accumulated a 5.6% increase.
Oil By-products (32.7%) stood out among the prices of raw materials consumed by the sector that had experienced the highest inflation rates over the last twelve months. Other sectors that registered price increases were Metallurgy (10.0%), Electrical Equipment (2.2%), Non-Metallic Industry (2.1%), Rubber & Plastic (1.4%) and the Chemical Industry (1.1%), among others. On the other hand, the annual prices (May 2010 compared to May 2009) of raw materials decreased in the following sectors: Timber Industry (-2.5%), Electricity and Gas (-1.5%), Metallic Articles (-1.3%) and Furniture Production (-0.4%) among others.
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: email@example.com
Contact: Gerardo Pérez Aja
T el:+34-945-01 75 06 F ax:+34-945-01 75 01
Further press releases on the Construction Costs Index of the Basque Country
Data bank on the Construction Costs Index of the Basque Country