Press Release 29/02/2016
Construction costs in the Basque Country rose 1.1% in January 2016 compared to the previous month
Compared to the previous year, January 2015, construction costs rose by 1.0%
There was a 1.1% rise in the Construction Costs Index in the Basque Country in January 2016 compared to the previous month, whilst the year-on-year rate for the same month rose by 1.0%, according to data provided by EUSTAT.
Labour costs increased by 1.0% with regards to the previous month, whereas raw material costs rose by 1.1%.
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 1.3% in Building and a fall of 0.3% in raw materials consumed in Civil Works. In year-on-year terms both sub-sectors showed different variations. Building raw material costs rose by 1.3%, whereas those for Civil Works recorded a 1.5% decrease.
The prices of raw materials consumed, by sector, that recorded the biggest increases in their annual prices (January 2016 on January 2015) included those in the following sectors: Non-Metal Industry, with an increase of 4.1%; the Timber Industry, which rose by 3.4%; and Non-Metallic Minerals which rose by 2.5%. 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 21.3%; Metallurgy, which fell by 8.0%; and Electronic Material, which was down by 0.9%.
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)