Press release 01/29/2013
Construction costs in the Basque Country fell by 0.3% in December 2012 compared to the previous month
Over the last twelve months (December 2011 to December 2012) construction costs registered a 0.5% decrease
There was no variation in the Construction Costs index (0.3%) in the Basque Country in December 2012 with respect to the previous month, whilst the year-on-year rate for that month rose by 0.5%, according to EUSTAT data.
With regards to the previous month, in December 2012 labour costs witnessed no variation (0.0%), whereas raw material costs registered a fall of 0.4%.
The subsectors of Building and Civil Works showed a different evolution in the cost of raw materials in December: Building costs fell by 0.3% whilst those of Civil Works were down by 0.8%, compared to the previous month. The year-on-year evolution of these two sub-sectors illustrates that costs of raw materials in Building fell 0.9%, whilst costs in Civil Works were down by 1.2%.
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 mention should be made of raw materials in the Machinery (5.8%), Electricity, Gas & Steam (3.8%) and Electric Material (2.5%) sectors, amongst others. In contrast, falls in annual prices (December 2012 on December 2011) were witnessed in the prime materials of the Non-metal Mineral Products, (-4.8%), Metallurgy (-3.0%) and Oil Refining (-0.2%) sectors.
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