Press Release 27/02/2015
Construction costs in the Basque Country rose 0.2% in January 2015 compared to the previous month
Compared to the previous year, January 2014, construction costs fell by 0.7%
There was a 0.2% rise in the Construction Costs Index in the Basque Country in January 2015 compared to the previous month, whilst the year-on-year rate for the same month fell by 0.7%, according to data provided by EUSTAT.
With regards to the previous month, there was no change in labour costs (0.0%), whereas raw material costs rose by 0.3%.
In January, the sub-sectors of Building and Civil Works showed diverging trends in the cost of their raw materials in relation to the previous month, with a rise of 0.4% in Building and a fall of 0.3% in raw materials consumed in Civil Works. The year-on-year performance of both sub-sectors was negative. Building raw material costs fell by 0.5%, whereas those for Civil Works recorded a 3.6% decrease.
The prices of raw materials consumed, by sector, that recorded the biggest increases in their annual prices (January 2015 on January 2014) included those in the following sectors: Electronic Material, with an increase of 1.8%; the Timber Industry, which rose by 1.6%; and Metallurgy which rose by 1.2%. 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 28.6%; Chemical Industry, which fell by 2.5%; and Plastic & Rubber, which was down by 1.4%.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Press Service: firstname.lastname@example.org Tlf: 945 01 75 62
Further press releases on the Construction costs index of the Basque Country (ICCE)
Data bank on the Construction costs index of the Basque Country (ICCE)