Press Release 03/09/2014
Construction costs in the Basque Country dropped 0.7% in July 2014 compared to the previous month
Compared to the previous year, July 2013, construction costs fell by 1.2%
There was a 0.7% drop in Construction Costs in the Basque Country in July 2014 compared to the previous month, whilst in year-on-year terms it decreased by 1.2%, 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 0.8%.
In July, the subsectors 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 0.8% in Building and 0.9% in Civil Works.
The year-on-year performance of both sub-sectors showed the same figures. Building raw material costs fell by 2.0%, whereas those for Civil Works recorded a 2.3% decrease on the same month of the previous year.
The prices of raw materials consumed by the sector that recorded the biggest increases in their year-on-year prices (July 2014 on July 2013) included those in the sectors of Electricity & Gas, which was up by 2.2%, and theTimber Industry, with a rise of 1.8%, and the Non-Metal Industry, which rose by 0.7%. 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 4.1%, Oil Refining, which was down 3.4%, and Electrical Equipment, which was down by 1.9%.
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