Press Release 30/07/2014
Construction costs in the Basque Country dropped 0.1% in June 2014 compared to the previous month
Compared to the previous year, June 2013, construction costs fell by 0.2%
There was a 0.1% drop in Construction Costs in the Basque Country in June 2014 compared to the previous month, whilst in year-on-year terms it decreased by 0.2%, 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 June, the subsectors of Building and Civil Works showed a different evolution in the cost of their raw materials in relation to the previous month, with a fall of 0.1% in Building and 0.2% in Civil Works.
The year-on-year performance of both sub-sectors showed the same figures. Building raw material costs fell by 0.7%, whereas those for Civil Works recorded a 0.8% decrease.
The prices of raw materials consumed by the sector that recorded the biggest increases in their year-on-year prices (June 2014 on June 2013) included those in the sectors of Electricity & Gas, which rose 4.1%, the Non-Metal Industry, which grew by 2.8%, and the Timber Industry, with a rise of 2.1%. On the other hand, the sectors that saw the biggest price reductions over the last twelve months in raw materials includedNon-Metallic Minerals, which fell by 2.1%, Metallurgy, which was down 1.8%, and Electrical Equipment, which was down by 1.2%.
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