Press release dated 30/09/2010
Construction costs in the Basque Country fell by 0.3% in August 2010 compared to the previous month
Building costs rose by 0.8% over the last twelve months (August 2010 compared to August 2009)
The Construction Costs Index fell by 0.3% in the Basque Country in August 2010 with respect to the previous month, which meant that the year-on-year rate for that month increased by 0.8%, according to EUSTAT data.
In August 2010, labour costs remained unchanged (0.0%), whereas raw material costs decreased by 0.4%.
In August, the cost of raw materials in the Building and Civil Works sub-sectors continued to fall, with 0.5% and 0.4% decreases in the costs of raw materials used by the Building and Civil Works sectors, respectively. There were differences in the performances of both sub-sectors during the year: building raw material costs rose by 0.2%, whereas those for Civil Works accumulated a 2.5% increase.
Metallurgy (14.8%), Oil Refinery (12.6%), Electricity and Gas (7.5%) and Electrical Equipment (2.9%) stood out among the prices of raw materials consumed by the sector that had experienced the highest inflation rates over the last twelve months. On the other hand, the annual prices (August 2010 compared to August 2009) of raw materials decreased in the following sectors: Non-metallic Minerals (-3.1%), Metallic Articles (-0.8%) and Timber Industry (-0.3%).
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