Press Release 25/09/2013
Construction costs in the Basque Country fell 0.5% in August 2013 compared to the previous month
Compared to the previous year, construction costs were also down by 0.1% on August 2012
There was a 0.5% fall in Construction Costs in the Basque Country in August 2013 compared to the previous month, whilst the year-on-year rate for the same month was down by 0.1%, according to data provided by EUSTAT.
With regards to the previous month, in August 2013 labour costs witnessed no variation (0.0%), whereas raw material costs fell by 0.6%.
The subsectors of Building and Civil Works showed a similar evolution in the cost of their raw materials in August with regards to the previous month: raw materials used in Building were down by 0.6% whilst those in 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 0.2%, whilst costs in Civil Works were down by 1.7%.
Plastic & Rubber (3.9%), Non-Metal Industry (3.2%) and Machinery (2.0%) stood out amongst the sectors that experienced the highest inflation rates over the last twelve months as regards prices of raw materials. In contrast, greater reductions in annual prices (August 2013 on August 2012) were witnessed in the raw materials of the sectors of Oil Refining, (-6.6%), Metallurgy (-5.5%) and Electrical Material (-1.3%).
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Press Service: email@example.com 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