Press Release 27/03/2014

CONSTRUCTION COSTS INDEX OF THE BASQUE COUNTRY (ICCE) FEBRUARY 2014

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Construction costs in the Basque Country remained stable in February 2014 compared to the previous month

Compared to the previous year, February 2013, construction costs fell by 1.1%

Construction Costs in the Basque Country showed no variation, 0.0%, in February 2014 compared to the previous month, whilst the year-on-year rate for the same month fell by 1.1%, according to data provided by EUSTAT.

There was no variation in labour costs, 0.0%, with regards to the previous month, whereas raw material costs fell by 0.1%.

In February, 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 the cost of raw materials consumed in Civil Works remaining unchanged, 0.0%.

The year-on-year performance of both sub-sectors was negative. Building raw material costs fell by 1.7%, whereas those for Civil Works recorded a 2.8% decrease.

The prices of raw materials consumed, by sector that recorded the biggest increases in their annual prices (February 2014 on February 2013) included those in the following sectors: Timber Industry,1.6%, and Plastics & Rubber and the Chemical Industry which both rose by 0.4%. On the other hand, sectors that saw the biggest price reductions over the last twelve months in raw materials include the Oil Refining sector, which fell by 8.0%, Metallurgy, which was down 4.6%, and Non-Metallic Minerals which was down by 2.8%.

TABLE 1. CONSTRUCTION  COSTS INDEX OF THE  BASQUE COUNTRY. VARIATION RATE. FEBRUARY 2014 (p)				
Source: Eustat. Index of construction costs of the Basque Country

For further information:

Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press Service: servicioprensa@eustat.eus 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

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Construction costs in the Basque Country remained stable in February 2014 compared to the previous month

Operation : 
Construction costs index
Código operación : 
182480
Frequency : 
Mensual
Timeframe : 
FEBRERO DE 2014
Last updated : 
03/27/2014
Next update : 
07/29/2019
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Síntesis
Available formats : 
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http://en.eustat.eus/elementos/not0011461_i.html
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