Press Release 29/01/2018
Construction costs in the Basque Country fell by 0.3% in December 2017 compared to the previous month
Compared to the previous year, December 2017 on December 2016, costs rose by 0.4%
There was a 0.3% drop in Construction Costs in the Basque Country in December 2017 compared to the previous month, whilst the year-on-year rate for the same month rose by 0.4%, according to data provided by EUSTAT.
With regards to the previous month, labour costs remained unchanged and the cost of raw materials fell by 0.3%.
In December, the Building sub-sector recorded a decrease of 0.4% in the cost of raw materials and the Civil Works sub-sector a fall of 0.2%. The year-on-year performance in both these two sub-sectors was positive, since costs of raw materials in Building rose by 0.1%, whilst costs in Civil Works posted a 0.8% rise.
The prices of raw materials consumed by sector that recorded the biggest increases in December 2017 on December 2016, included those in the following sectors: Metallurgy, with 9.4%, Electricity & Gas, with an increase of 4.2%; and Non-Metal Industry with 2.2%. 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 2.0%, and Electronic Material, with a fall of 0.2%.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
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