Press Release 27/03/2014
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%.
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