Press release dated 29/06/2010

CONSTRUCTION COSTS INDEX OF THE BASQUE COUNTRY (ICCE) MAY 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.

Changes in the year-on-year rate for the month of December, 1997-2010

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.

BUILDING COSTS INDEX - BASQUE COUNTRY / DATA DEVELOPMENT. MAY 2010

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 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

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Construction costs in the Basque Country rose 0.4% in May 2010 compared to the previous month

Operation : 
Construction costs index
Código operación : 
182480
Frequency : 
Mensual
Timeframe : 
MAYO DE 2010
Last updated : 
06/29/2010
Next update : 
04/25/2019
Type of operation : 
Síntesis
Available formats : 
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Licence : 
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Permalink : 
http://en.eustat.eus/elementos/not0006164_i.html
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