Press Release 26/11/2014
Construction costs in the Basque Country rose by 0.2% in October 2014 with regards to the previous month
Compared to the previous year, October 2013, construction costs fell by 0.9%
There was a 0.2% rise in Construction Costs in the Basque Country in October 2014 compared to the previous month, whilst in year-on-year terms it decreased by 0.9%, 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 rose by 0.2%.
In October, 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 rise of 0.3% in Building and a fall of 0.3% in Civil Works.
In year-on-year terms both sub-sectors showed the same figures. Building raw material costs fell by 1.6%, whereas those for Civil Works recorded a 2.0% 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 (October 2014 on October 2013) included those in the sectors of Metallurgy, which was up by 2.4%; theTimber Industry, with a rise of 1.6%; and Electronic Material which rose by 1.1%. 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 7.1%; Non-Metallic Minerals, which fell by 3.3%; and Non-Metal Industry, which was down by 2.1%.
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