Press release 30/10/2012
Construction costs in the Basque Country rose 0.3% in September 2012 compared to the previous month
Over the last twelve months (September 2012 on September 2011) there was a 0.9% increase in construction costs
Construction Costs in the Basque Country rose by 0.3% in September 2012 with respect to the previous month, which meant that the year-on-year rate for that month was up by 0.9%, according to EUSTAT data.
With regards to the previous month, in September 2012 labour costs witnessed no variation (0.0%), whereas raw material costs rose by 0.3%.
The Building and Civil Works sub-sectors saw their raw materials rise in price in September, with a 0.4% increase in Building costs compared to the previous month and 0.1% in the case of Civil Works. The year-on-year evolution of these two sub-sectors illustrates differences in intensity between them: costs of raw materials in Building rose by 0.6%, whilst costs in Civil Works rose by 2.0%.
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 (11.2%), Electricity & Gas (11.1%) and Machinery (5.4%), amongst others. In contrast, falls or less dramatic increases in annual prices (September 2012 on September 2011) were witnessed in the prime materials of the Metallurgy sector (-3.9%), Manufacturing of other Non-metal Mineral Products (-0.6%), and the Timber Industry (-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