Press Release 29/09/2016
Construction costs in the Basque Country rose 0.3% in August 2016 compared to the previous month
Compared to the previous year, August 2015, construction costs fell by 0.6%
There was a 0.3% rise in Construction Costs in the Basque Country in August 2016 compared to the previous month, whilst the year-on-year rate for the same month fell by 0.6%, according to EUSTAT data.
There was no variation in labour costs (0.0%) with regards to the previous month, whereas raw material costs rose by 0.5%.
In August, the sub-sectors of Building and Civil Works showed diverging trends and a slight variation in magnitude in the cost of their raw materials in relation to the previous month. There was a 0.5% rise in the cost of the raw materials consumed by Civil Works and a 0.4% rise in those consumed by Building. The year-on-year performance of both sub-sectors was negative, though also with notable differences in degree. Building raw material costs fell by 0.9%, whereas those for Civil Works recorded a 2.4% decrease.
The raw materials used by the construction sector that recorded the biggest increases in their annual prices (August 2016 on August 2015) included those in the following sectors: Electrical Material, with an increase of 2.8%; the Timber Industry, which rose by 2.1%; and Machinery, which rose by 0.2%. On the other hand, the sectors that saw the biggest price reductions over the last twelve months included the sectors of Electricity & Gas, which fell by 10.6%; Oil Refining, which fell by 10.1%, and Metallurgy, which was down by 6.6%.
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)