Press release 28.03.12
Construction costs in the Basque Country rose 0.3% in February 2012 compared to the previous month
Over the last twelve months (February 2012 compared to February 2011) there was a 1.1% increase in construction costs
Construction cost index for the Basque Country rose by 0.3% in February 2012 with respect to the previous month, which meant that the year-on-year rate for that month was up by 1.1%, according to EUSTAT data.
With regard to the previous month, in February 2012 labour costs witnessed no variation (0.0%), whereas raw material costs rose by 0.4%.
The Building and Civil Works sub-sectors saw their raw material rise in price in February, with a 0.3% increase in Building costs compared to the previous month and 0.7% in the case of Civil Works. There were differences between the year-on-year performances of both sub-sectors: Building raw material costs rose by 0.6%, whereas those for Civil Works accumulated a 2.9% increase.
Amongst the prices of raw materials consumed by the sector that have experienced the highest degree of inflation over the course of the last twelve months, special attention should be drawn to raw materials in Oil Refining (15.8%), Electricity, Gas & Steam (13.5%) and Chemical Industry (6.0%), amongst others. In contrast, reductions or less significant rises were registered in annual prices (February 2012 on February 2011) of raw materials in the sectors of Metallurgy (-0.7%), Extraction Industries (-0.7%), Manufacture of other non-metallic minerals (-0.4%) and the Manufacture of furniture and other manufacturing industries (-0.2%).
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 Fax:+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