Press Release 27/06/2013

CONSTRUCTION COSTS INDEX OF THE BASQUE COUNTRY (ICCE) MAY 2013

Construction costs in the Basque Country rose 0.2% in May 2013 compared to the previous month

Compared to the previous year, May 2012, construction costs rose by 0.7%.

There was a 0.2% rise in Construction Costs in the Basque Country in May 2013 compared to the previous month, whilst the year-on-year rate for the same month rose by 0.7%, according to data provided by EUSTAT.

With regards to the previous month, in May 2013 labour costs witnessed no variation (0.0%), whereas there was a 0.3% rise in the cost of raw materials.

The subsectors of Building and Civil Works showed a similar evolution in the cost of raw materials in May with regards to the previous month: Building costs were up by 0.3% whilst those of Civil Works rose by 0.2%. The year-on-year evolution for these two subsectors indicates that the costs of raw materials within Building rose by 0.8%,whilst costs within Civil Works registered a descent of 0.2%.

The Non-metal Industry (2.8%), Machinery (2.7%), and Extraction of Non-metal Mineral Products(1.1%) stood out amongst the sectors that experienced the highest inflation rates over the last twelve months as regards prices of raw materials. In contrast, the greatest falls in annual prices (May 2013 on May 2012) were witnessed in the prime materials of the sectors of Metallurgy (-5.4%), Oil Refining (-2.8%), and Electrical Material (-1.1%).

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 Further press releases on the Construction Costs Index of the Basque Country Databank on Construction Costs Index of the Basque Country