Press Release 29/05/2017
Construction costs in the Basque Country fell 0.2% in April 2017 compared to the previous month
Compared to the previous year, April 2017 on April 2016, costs rose by 0.7%
There was a 0.2% fall in the Construction Costs Index in the Basque Country in April 2017 compared to the previous month, whilst the year-on-year rate for the same month rose by 0.7%, 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 0.3%.
In April, the sub-sectors of Building and Civil Works showed a negative trend in the cost of their raw materials in relation to the previous month, with a fall of 0.3% in Building and 0.1% in Civil Works. The year-on-year performance of both sub-sectors was positive, though to a different degree. Building raw material costs rose by 0.2%, whereas those for Civil Works recorded a 3.3% increase.
The prices of raw materials consumed, by sector, that recorded the biggest increases in their annual prices (April 2017 on April 2016) include the sectors of: Oil refining, with 30.9%; Metallurgy, with 10.4%, and Metal Products, with 2.0%. On the other hand, the sectors with reductions in the prices of their raw materials as a whole over the last twelve months include: Rubber and Plastic, which fell by 3.7%; Chemical Industry, which dropped by 1.0%; and Non-Metallic Minerals, with a decrease of 0.9%.
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)