Press Release 27/04/2018
Construction costs in the Basque Country rose 0.4% in March 2018 compared to the previous month
Compared to the previous year, March 2018 on March 2017, costs rose by 1.3%
There was a 0.4% rise in Construction Costs in the Basque Country in March 2018 compared to the previous month, whilst the year-on-year rate for the same month rose by 1.3%, according to EUSTAT data.
With regards to the previous month, there was no variation in labour costs (0.0%) and the cost of raw materials rose by 0.5%.
In March 2018 the sub-sectors of both Building and Civil Works posted a 0.5% rise in their raw materials. The year-on-year performance of these two sub-sectors was also positive, but to different degrees: costs of raw materials in Building rose by 1.0%, whilst costs in Civil Works posted a 1.7% rise.
The prices of raw materials consumed by sector that recorded the biggest increases, March 2018 on March 2017, include those in the following sectors: Metallurgy, with 7.5%; Oil Refining, with 2.7%; and Metal Products, with 2.5%. On the other hand, the sectors with the greatest reductions in the prices of their raw materials over the last twelve months as a whole are: Electricity & Gas, which fell 0.7%; Rubber & Plastics, with a decrease of 0.6%; and the Timber Industry, which dropped 0.4%.
For further information:
Eustat - Euskal Estatistika Erakundea / Instituto Vasco de Estadística
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
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