Press release 27/04/12
Construction costs in the Basque Country rose 0.5% in March 2012 compared to the previous month
Over the last twelve months (March 2011 to March 2012) construction costs have witnessed a 1.1% increase
Construction cost index for the Basque Country rose by 0.5% in March 2012 in relation to the previous month, whereby the year-on-year rate for that month was up by 1.1%, according to EUSTAT data.
With regards to the previous month, in March 2012, labour costs witnessed no variation (0.0%), whereas raw material costs rose by 0.7%.
The Building and Civil Works sub-sectors saw their raw material rise in price in March, with a 0.5% increase in Building costs compared to the previous month and an increment of 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 rose by 0.7%, whereas those for Civil Works accumulated a 2.4% 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 (11.9%), Electricity and Gas (10.3%) and Chemical Industry (5.2%), amongst others. In contrast, falls or less dramatic increases in annual prices (March 2011 to March 2012) were witnessed in the prime materials of the Metallurgy sector (-3.6%), Manufacturing of other Non-metal Mineral Products (-1.3%) and Manufacturing of Furniture and other Manufacturing Industries (0.0%).
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 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