Press Release 26/05/2015
Construction costs in the Basque Country fell 0.2% in April 2015 compared to the previous month
Compared to the previous year, April 2014, construction costs fell by 1.2%
There was a 0.2% fall in the Construction Costs Index in the Basque Country in April 2015 compared to the previous month, whilst the year-on-year rate for the same month fell by 1.2%, 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 fell by 0.2%.
In April, the sub-sectors of Building and Civil Works showed a different trend in the cost of their raw materials in relation to the previous month, with a fall of 0.2% in Building, whereas raw materials consumed in Civil Works saw no noticeable change, 0.0%. The year-on-year performance of both sub-sectors was similar, though to a different degree. Building raw material costs fell by 1.3%, whereas those for Civil Works recorded a 3.0% decrease.
The prices of raw materials consumed, by sector, that recorded the biggest increases in their annual prices (April 2015 on April 2014) included those in the following sectors: Electricity & Gas, with an increase of 4.4%; the Timber Industry, which rose by 2.2%; and Manufacture of Furniture, 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 16.6%; Non-Metallic Minerals, which fell by 2.7%; and Chemical Industry, which was down by 1.6%.
For further information:
Eustat - Euskal Estatistika Erakundea / Basque Statistics Institute
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
Press Service: email@example.com Tel: 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)