Press release dated 29/11/2010
Construction costs in the Basque Country fell by 0.1% in October 2010 compared to the previous month
Over the last twelve months (October 2010 compared to October 2009) building costs rose by 0.5%
The Construction Costs Index of the Basque Country fell by 0.1% in October 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 October 2010, labour costs remained unchanged (0.0%), whereas raw material costs decreased by 0.2%.
In October, the cost of raw materials in both the Building and Civil Works sub-sectors continued to fall, down 0.2% on the previous month. There were differences between the year-on-year performance of both sub-sectors: building raw material costs fell by 0.2%, whereas those for Civil Works accumulated a 2.5% increase.
Oil Refinery (15.3%), Metallurgy (13.6%), Electricity and Gas (4.2%) and the Chemical Industry (2.6%) 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 (October 2010 compared to October 2009) of raw materials decreased in the following sectors: Non-metallic Minerals (-3.5%), Timber Industry (-0.7%), and Furniture Production (-0.2%).
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