Press Release 27/02/2018
Construction costs in the Basque Country rose 1.0% in January 2018 compared to the previous month
Compared to the previous year, January 2018 on January 2017, costs rose by 0.7%
There was a 1.0% rise in Construction Costs in the Basque Country in January 2018 compared to the previous month, whilst the year-on-year rate for the same month rose by 0.7%, according to EUSTAT data.
With regards to the previous month, labour costs increased by 2.0% and the cost of raw materials rose by 0.7%.
This January, the Building sub-sector recorded a rise of 0.7% in raw materials and the Civil Works sub-sector an increase of 0.9%. The year-on-year trends in these two sub-sectors saw positive variations: costs of raw materials in Building were up by 0.2%, whilst costs in Civil Works posted a 0.8% rise.
The prices of raw materials consumed by sector that recorded the biggest increases in January 2018 on January 2017, included those in the following sectors: Metallurgy, with 8.6%, Machinery, up 2.6%; and Metal Products with a rise of 2.2%. 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 0.9% and Plastic & Rubber with a decrease of 0.2%.
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