Press Release 27/02/2013
Construction costs in the Basque Country rose 0.4% in February 2013 compared to the previous month
Over the last twelve months (February 2012 to February 2013) construction costs also registered a 0.4% increase
There was a 0.4% rise in Construction Costs in the Basque Country in February 2013 compared to the previous month, whilst the year-on-year rate for the same month also rose by 0.4%, according to data provided by EUSTAT.
With regards to the previous month, in February 2013 labour costs witnessed no variation (0.0%), whereas there was a 0.5% rise in the cost of raw materials.
The subsectors of Building and Civil Works showed a different evolution in the cost of raw materials in February: Building costs rose by 0.3% whilst those of Civil Works rose by 1.0%, compared to the previous month. The year-on-year evolution of these two sub-sectors illustrates that costs of raw materials in Building rose by 0.1%, whilst costs in Civil Works rose by 0.5%.
Non-metal Industry (4.0%), Metal Items (3.6%), and Oil Refining (2.7%) stood out amongst the sectors that experienced the highest inflation rates over the last twelve months as regards prices of raw materials. In contrast, the greatest falls in annual prices (February 2013 on February 2012) were witnessed in the prime materials of the sectors of Metallurgy (-4.3%), Extraction of Non-metal Mineral Products (-2.1%), and Machinery (-0.8%), amongst others.
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 Countr