Press Release 12/22/2017
Construction costs in the Basque Country remained stable (0.0%) in November 2017 compared to the previous month
Compared to the previous year, November 2017 on November 2016, costs rose by 0.2%
Construction Costs in the Basque Country remained stable (0.0%) in November 2017 compared to the previous month, whilst the year-on-year rate for the same month rose by 0.2%, according to data provided by EUSTAT.
Compared to the previous month, there was no appreciable change in either labour costs or raw materials costs (0.0%).
This November, the Building sub-sector recorded a fall of 0.1% in raw materials and the Civil Works sub-sector a rise of 0.4%. The year-on-year trends in these two sub-sectors saw positive and negative variations: costs of raw materials in Building fell by 0.2%, whilst costs in Civil Works posted a 1.3% rise.
The prices of raw materials consumed by sector that recorded the biggest increases in November 2017 on November 2016 included those in the following sectors: Oil Refining, with an increase of 11.9%, Metallurgy, with 9.5%; and Electricity & Gas with 4.4%. On the other hand, sectors that saw the biggest price reductions in raw materials over the last twelve months include Non-Metallic Mineral, which was down by 3.8%, Chemical Industry, with a decrease of 0.2% and Electronic Material, with a fall of 0.1%.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
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