Press release 28/10/2014
Construction costs in the Basque Country dropped 0.2% in September 2014 compared to the previous month
Compared to the previous year, September 2013, construction costs fell by 1.2%
There was a 0.2% drop in Construction Costs in the Basque Country in September 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 0.3%.
In September, 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 0.3% 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 2.0%, whereas those for Civil Works recorded a 2.4% 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 (September 2014 on September 2013) included those in the sectors of Electricity & Gas, which was up by 2.9%; theTimber Industry, with a rise of 1.6%; and Electronic Material which rose by 1.0%. On the other hand, sectors that saw the biggest price reductions over the last twelve months in raw materials include the sectors of Oil Refining, with a decrease of 5.0%; Non-Metallic Minerals, which fell by 4.7%; and Plastic & Rubber, 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