Press Release 29/06/2017
Construction costs in the Basque Country fell 0.3% in May 2017 compared to the previous month
Compared to the previous year, May 2017 on May 2016, costs rose by 0.4%
There was a 0.3% fall in the Construction Costs Index in the Basque Country in May 2017 compared to the previous month, whilst the year-on-year rate for the same month rose by 0.4%, 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 0.4%.
In May, 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 0.4% in Building and 0.8% in Civil Works. The year-on-year trends in these two sub-sectors saw positive and negative variations: costs of raw materials in Building fell by 0.1%, whilst costs in Civil Works posted a 1.9% rise.
The prices of raw materials consumed by sector that recorded the biggest increases in their annual prices (May 2017 on May 2016) include the sectors of: Oil refining, with 16.6%; Metallurgy, with 9.6%, and Non-Metal Industry, 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: Plastic & Rubber, down 4.2%; Non-Metallic Minerals, with a 1.6% drop; and Chemical Industry, with a fall of 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)