Press Release 22/12/2015
Construction costs in the Basque Country rose by 0.1% in November 2015 compared to the previous month
Compared to the previous year, November 2014, construction costs fell by 0.2%
There was a 0.1% rise in Construction Costs in the Basque Country in November 2015 compared to the previous month, whilst the year-on-year rate for the same month rose by 0.2%, 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 rose by 0.1%.
In November, the Building sub-sector showed a positive variation in the cost of its raw materials in relation to the previous month, with an increase of 0.2%, while the Civil Works sub-sector saw no change (0.0%). The year-on-year evolution of these two sub-sectors saw positive and negative variations: costs of raw materials in Building rose by 0.1%, whilst costs in Civil Works posted a 2.8% drop.
The prices of raw materials consumed, by sector, that recorded the biggest increases in their annual prices (November 2015 on November 2014) included those in the following sectors: Timber Industry, with an increase of 3.6%; Non-Metallic Minerals, which rose by 1.4%; and Electricity & Gas, which rose by 1.3%. 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 22.8%; Metallurgy, which fell by 6.8%; and Electronic Material, which was down by 1.1%.
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 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)