Press Release 04/09/2018

CONSTRUCTION COSTS INDEX, JULY 2018

Construction costs in the Basque Country rose 0.5% in July 2018 compared to the previous month

Compared to the previous year, July 2018 on July 2017, costs rose by 3.0%

There was a 0.5% rise in Construction Costs in the Basque Country in July 2018 compared to the previous month, whilst the year-on-year rate for the same month rose by 3.0%, 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 0.6%.

Within raw materials, the Building sub-sector recorded a 0.6% increase in the cost of its raw materials, and in the Civil Works sub-sector they were up by 0.7%. 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 3.1%, whilst costs in Civil Works posted a 5.7% rise.

The prices of raw materials consumed by sector that recorded the biggest increases, July 2018 on July 2017, include those in the following sectors: Oil refining, with 24.0%; Metallurgy, with 9.3%, and Non-Metallic Minerals and Chemical Industry, with 4.7% in both cases. In contrast, the biggest price reductions in raw materials over the last twelve months were seen in the Plastic & Rubber sector, with a decrease of 0.1%.

For further information:

Eustat - Euskal Estatistika Erakundea / Basque Statistics Institute C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz Press Service: servicioprensa@eustat.eus Tel: 945 01 75 62