Press Release 27/04/2017
Construction costs in the Basque Country fell by 0.5% in March 2017 with regards to the previous month
Compared to the previous year, March 2016, costs rose by 0.5%
There was a 0.5% fall in the Construction Costs Index in the Basque Country in March 2017 compared to the previous month, whilst the year-on-year rate for the same month rose by 0.5%, 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 0.7%.
In March, the subsectors 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 0.6% in Building and 1.1% in Civil Works. In year-on-year terms both sub-sectors showed different variations. Building raw material costs fell by 0.1%, whereas those for Civil Works recorded a 2.7% increase.
The prices of raw materials consumed, by sector, that recorded the biggest increases in their annual prices (March 2017 on March 2016) include the sectors of: Oil refining, with 31.2%; Metallurgy, with 8.4%, and Non-Metal Industry, with 2.4%. On the other hand, the sectors with the biggest price reductions over the last twelve months in raw materials were: Plastic & Rubber, which was down 3.7%; Non-Metallic Minerals, with a 1.9% drop; and Chemical Industry, with a fall of 1.4%.
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)