Press Release 26/02/2014
Construction costs in the Basque Country rose 0.3% in January 2014 compared to the previous month
Compared to the previous year, January 2013, construction costs fell by 0.4%
There was a 0.3% rise in Construction Costs in the Basque Country in January 2014 compared to the previous month, whilst the year-on-year rate for the same month fell by 0.4%, according to data provided by EUSTAT.
With regards to the previous month, labour costs rose by 1.8%, whereas raw material costs fell by 0.2%.
In January, the sub-sectors of Building and Civil Works showed a similar evolution in the cost of their raw materials in relation to the previous month, with a fall of 0.1% in Building and of 0.3% in raw materials consumed in Civil Works. The year-on-year performance of both sub-sectors was negative. Building raw material costs fell by 0.8%, whereas those for Civil Works recorded a 1.8% decrease.
The prices of raw materials consumed, by sector, that recorded the biggest increases in their annual prices (January 2014 on January 2013) included those in the following sectors: Electricity and Gas (3.1%), and the Timber Industry and Non-Metal Industry which both rose by 1.9%. On the other hand, sectors that saw the biggest price reductions over the last twelve months in raw materials include the Metallurgy and Oil Refining sectors, which both fell by 5.1%, and Electrical Material which was down by 2.7%.
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