HomeThemesIndex of construction costs (ICCE)Press releases Construction costs in...

Press Release 30/04/2014

CONSTRUCTION COSTS INDEX OF THE BASQUE COUNTRY (ICCE) MARCH 2014

Construction costs in the Basque Country rose by 0.2% in March 2014 with regards to the previous month

Compared to the previous year, March 2013, construction costs fell by 0.6%

There was a 0.2% rise in the Construction Costs Index in the Basque Country in December 2014 compared to the previous month, whilst the year-on-year rate for the same month fell by 0.6%, according to data provided by EUSTAT.

There was no variation in labour costs, 0.0%, with regards to the previous month, whereas raw material costs rose by 0.2%.

In March, the sub-sectors of Building and Civil Works showed a similar evolution in the cost of their raw materials in relation to the previous month, with an increase of 0.2% in Building, and the cost of raw materials consumed in Civil Works rose by 0.1%.

The year-on-year performance of both sub-sectors showed the same figures. Building raw material costs fell by 1.2%, whereas those for Civil Works recorded a 2.2% decrease.

The prices of raw materials consumed by the sector that recorded the biggest increases in their year-on-year prices (March 2014 on March 2013) included those in the sectors of the Timber Industry and Electricity & Gas, which both rose by 1.2%. On the other hand, sectors that saw the biggest price reductions over the last twelve months in raw materials include the Oil Refining sector, which fell by 6.8%, Metallurgy, which was down 4.6%, and Electrical Equipment which was down by 2.4%.

TABLE 1. CONSTRUCTION COSTS INDEX OF THE BASQUE COUNTRY. VARIATION RATE. MARCH 2014(p)
Source: Eustat. Index of construction costs of the Basque Country