Press Release 30/10/2017
Construction costs in the Basque Country rose 0.5% in September 2017 compared to the previous month
Compared to the previous year, September 2017 on September 2016, costs rose by 0.8%
There was a 0.5% rise in Construction Costs in the Basque Country in September 2017 compared to the previous month, whilst the year-on-year rate for the same month rose by 0.8%, 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 rose by 0.7%.
In September 2017, the two sub-sectors that make up the Construction Sector registered an upward trend in the cost of their raw materials in relation to August 2017; the sub-sectors of Building and Civil Works recorded a rise in raw materials of 0.7% and 1.0%, respectively. The year-on-year trends in these two sub-sectors was also similar, though to a different degree: costs of raw materials in Building increased by 0.6%, whilst in Civil Works they posted a 1.7% rise.
The prices of raw materials consumed by sector that recorded the biggest increases, September 2017 on September 2016, include those in the following sectors: Oil refining, with 10.8%; Metallurgy, with 8.2%, and Non-Metal Industry, with 4.8%. On the other hand, sectors that saw the biggest price reductions in raw materials over the last twelve months include Non-Metallic Minerals which was down by 1.9% and Chemical Industrywith a decrease of 0.9%.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
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