Press release 29/04/2013
Construction costs in the Basque Country fell by 0.1% in March 2013 with regards to the previous month
Compared to the previous year, March 2012, construction costs were also down by 0.3%
There was no variation in the Construction Costs index (0.1%) in the Basque Country in December 2013 with respect to the previous month, whilst the year-on-year rate for that month rose by 0.3%, according to EUSTAT data.
With regards to the previous month, in March 2013 labour costs witnessed no variation (0.0%), whereas raw material costs fell by 0.1%.
The subsectors of Building and Civil Works showed a different evolution in the cost of raw materials in March with regards to the previous month: Building costs remained unchanged (0.0%) whilst those of Civil Works fell by 0.5%. The year-on-year evolution of these two sub-sectors illustrates that costs of raw materials in Building fell by 0.5%, whilst there was a greater decrease in costs in Civil Works of 1.4%.
Electronic Material (2.7%), Non-Metal Industry (2.3%) and Electrical Material (1.1%) 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 (March 2013 on March 2012) were witnessed in the prime materials for the sectors of Metallurgy (-4.3%), Oil Refining (-3.7%), Extraction of Non-Metallic Minerals (-2.5%) and Electricity & Gas (-1.4%), amongst others.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Press Service: firstname.lastname@example.org Tlf: 945 01 75 62
Further press releases on the Construction Costs Index of the Basque Country
Data bank on the Construction Costs Index of the Basque Country