Press Release 05/09/2017

CONSTRUCTION COSTS INDEX, JULY 2017

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Construction costs in the Basque Country rose 0.4% in July 2017 compared to the previous month

Compared to the previous year, July 2017 on July 2016, costs rose by 0.9%

There was a 0.4% rise in Construction Costs in the Basque Country in July 2017 compared to the previous month, whilst the year-on-year rate for the same month rose by 0.9%, according to data provided by EUSTAT.

With regards to the previous month, there was no variation in labour costs and the cost of raw materials rose by 0.5%.

In July, the Building sub-sector registered a 0.6% rise in the cost of its raw materials in relation to the previous month, whereas costs in the Civil Works sub-sector were up by 0.5%. The year-on-year trends in these two sub-sectors was similar, though to a different degree: costs of raw materials in Building rose by 0.6%, whilst costs in Civil Works posted a 1.8% rise.

The prices of raw materials consumed by sector that recorded the biggest increases, July 2017 on July 2016, include those in the following sectors: Oil refining, with 10.6%; Metallurgy, with 7.4%, and Non-Metal Industry, with 3.5%. On the other hand, the sectors with reductions in the prices of their raw materials as a whole over the last twelve months include: Chemical Industry and Electricity and Gas, which both fell by 1.6%; and Electronic Material, with a 0.8% drop.

TABLE 1. CONSTRUCTION  COSTS INDEX OF THE  BASQUE COUNTRY. VARIATION RATE (p). July 2017
Source: Eustat. Construction costs index

For further information:

Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press Service: servicioprensa@eustat.eus Tel: 945 01 75 62

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Construction costs in the Basque Country rose 0.4% in July 2017 compared to the previous month

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Construction costs index
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Last updated : 
09/05/2017
Next update : 
04/25/2019
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