Press Release 05/09/2017
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.
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