Press Release 29/11/2017
Construction costs in the Basque Country fell by 0.4% in October 2017 compared to the previous month
Compared to the previous year, October 2017 on October 2016, costs fell by 0.1%
There was a 0.4% fall in the Construction Costs Index in the Basque Country in October 2017 compared to the previous month, whilst the year-on-year rate for the same month fell by 0.1%, according to data provided by EUSTAT.
With regards to the previous month, there was no variation in labour costs (0.0%) and the cost of raw materials dropped by 0.5%.
In October 2017, the two sub-sectors that make up the Construction Sector registered a downward trend in the cost of their raw materials in relation to September 2017; the sub-sectors of Building and Civil Works recorded a fall in raw materials of 0.5% and 0.2%, respectively. The year-on-year trends in these two sub-sectors saw positive and negative variations: costs of raw materials in Building fell by 0.6%, whilst costs in Civil Works posted a 0.3% rise.
The prices of raw materials consumed by sector that recorded the biggest increases, October 2017 on October 2016, include those in the following sectors: Metallurgy, with 10.2%; Oil Refining, with 3.6%; and Electricity & Gas,with 3.0%. On the other hand, the sectors with reductions in the prices of their raw materials as a whole over the last twelve months are: Non-Metallic Minerals, which was down by 4.1%, and Electronic Material, with a fall of 1.0%.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
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