Press release dated 29/10/2010
Construction costs in the Basque Country fell by 0.3% in September 2010 compared to the previous month
Building costs rose by 0.5% over the last twelve months (September 2010 compared to September 2009)
The Construction Costs Index fell by 0.3% in the Basque Country in September 2010 with respect to the previous month, which meant that the year-on-year rate for that month increased by 0.5%, according to EUSTAT data.
In September 2010, labour costs remained unchanged (0.0%), whereas raw material costs decreased by 0.4%.
In September, the cost of raw materials in the Building and Civil Works sub-sectors continued to fall, with 0.4% and 0.3% decreases in the costs of raw materials used by the Building and Civil Works sectors, respectively. There were notable differences in the performances of both sub-sectors during the year: building raw material costs fell by 0.3%, whereas those for Civil Works accumulated a 2.8% increase.
Oil Refinery (19.1%), Metallurgy (14.9%), Electricity and Gas (4.5%) and Electrical Equipment (2.0%) 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 (September 2010 compared to September 2009) of raw materials decreased in the following sectors: Non-metallic Minerals (-4.2%), Metallic Articles (-0.5%) and Non-Metallic Industry (-0.1%).
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
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