Press release 30.05.12
Construction costs in the Basque Country fell 0.2% in April 2012 compared to the previous month
Over the last twelve months (April 2012 compared to April 2011) there was a 1.0% increase in construction costs
Construction cost index for the Basque Country fell by 0.2% in April 2012 with respect to the previous month, which meant that the year-on-year rate for that month was up by 1.0%, according to EUSTAT data.
With regards to the previous month, in April 2012 there was no variation in labour costs (0.0%), whereas raw material costs fell by 0.3%.
The Building and Civil Works sub-sectors recorded drops in the cost of raw materials in April, with a 0.2% reduction in materials used in Building compared to the previous month and 0.5% 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 0.8%, whereas those for Civil Works recorded a 1.6% increase.
Electricity & Gas (11.8%), Oil Refining (8.1%), and Chemical industry (4.4%) stood out amongst the sectors that experienced the highest inflation rates over the last twelve months as regards prices of raw materials. In contrast, falls or less dramatic increases in annual prices (April 2012 compared to April 2011) were witnessed in the prime materials of the Metallurgy sector (-5.2%), Manufacturing of other Non-metal Mineral Products (-1.3%) and Manufacturing of Furniture and other Manufacturing Industries (0.1%).
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: firstname.lastname@example.org
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