Press Release 26/04/2016
Construction costs in the Basque Country fell by 0.1% in March 2016 with regards to the previous month
Compared to the previous year, March 2015, construction costs fell by 0.4%
There was a 0.1% fall in the Construction Costs Index in the Basque Country in March 2016 compared to the previous month, whilst the year-on-year rate for the same month fell by 0.4%, 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 fell by 0.2%.
In March, the sub-sectors of Building and Civil Works showed opposite trends in the cost of their raw materials in relation to the previous month, with a drop of 0.2% in raw materials consumed in Building and a 0.2% increase in those consumed in Civil Works. The year-on-year performance of both sub-sectors was similar, though to a different degree. Building raw material costs fell by 0.3%, whereas those for Civil Works recorded a 3.8% decrease.
The prices of raw materials consumed, by sector, that recorded the biggest increases in their annual prices (March 2016 on March 2015) included those in the following sectors: Electrical Material, with an increase of 2.7%; the Timber Industry, which rose by 1.9%; and Rubber and Plastic, which rose by 1.1%. Conversely, 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 27.1%; Metallurgy, which fell by 9.4%; and Electricity & Gas, 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 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)