Press Release 28/09/2018
CONSTRUCTION COSTS INDEX, AUGUST 2018
Construction costs in the Basque Country rose 0.4% in August 2018 compared to the previous month
Compared to the previous year, August 2018 on August 2017, costs rose by 3.1%
There was a 0.4% rise in Construction Costs in the Basque Country in August 2018 compared to the previous month, whilst the year-on-year rate for the same month rose by 3.1%, 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%.
Within raw materials, both the Building and Civil Works sub-sectors recorded a rise of 0.5% in the cost of 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 3.1%, whilst costs in Civil Works posted a 5.6% rise.
Standing out amongst the prices of raw materials consumed by sector that recorded the biggest increases, August 2018 on August 2017, are those in the following sectors: Oil refining, with 23.6%; Metallurgy, with 8.4%, and Non-Metallic Minerals and Electricity & Gas, with 4.6% 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 0.2%.
For further information:
Eustat - Euskal Estatistika Erakundea / Basque Statistics Institute
C/ Donostia-San Sebastián, 1 01010 Vitoria-Gasteiz
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