Press release dated 30/03/2011
Construction costs in the Basque Country rose 0.5% in February 2011 on the previous month
Over the last twelve months (February 2011 compared to February 2010) building costs registered a 0.8% increase
The Construction Costs Index of the Basque Country rose by 0.5% in February 2011 with respect to the previous month, which meant that the year-on-year rate for that month was up by 0.8%, according to EUSTAT data.
With respect to the previous month, labour costs remained unchanged (0.0%) in February 2011, whereas raw material costs rose by 0.6%.
The Building and Civil Works sub-sectors saw their raw material rise in price in Feburary, with a 0.5% increase in Building costs compared to the previous month and 1.2% in the case of Civil Works. There were differences between the year-on-year performances of both sub-sectors: building raw material costs fell by 0.2%, whereas those for Civil Works recorded a 3.9% increase.
Oil Refining (24.4%), Electricity, Gas & Steam (23.6%) and Metallurgy (18.2%) stood out among the prices of raw materials used by the sector that had experienced the highest inflation rates over the last twelve months. On the other hand, the annual prices (February 2011 compared to February 2011) of raw materials decreased or posted smaller increases in the following sectors: Extraction Industries (-6.7%), Timber & Cork, except Furniture (0.0%), Non-metal Industry (0.6%) and Electronic & Computer Products (1.0%).
For further information:
Basque Statistics Office
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Tel:+34-945-01 75 00 Fax:+34-945-01 75 01 E-mail: email@example.com
Contact: Gerardo Pérez Aja
Tel:+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