Press Release 06/23/2015
Construction costs in the Basque Country rose 0.1% in May 2015 compared to the previous month
Compared to the previous year, May 2014, construction costs fell by 0.9%
There was a 0.1% rise in Construction Costs in the Basque Country in May 2015 compared to the previous month, whilst the year-on-year rate for the same month rose by 0.9%, according to data provided by EUSTAT.
With regards to the previous month, there was no change in labour costs (0.0%), whereas raw material costs rose by 0.1%.
In May, the subsectors of Building and Civil Works both saw a positive variation in the cost of their raw materials in relation to the previous month, with a rise of 0.1% in Building and 0.3% in Civil Works. The year-on-year performance of both sub-sectors was negative, though to a different degree. Building raw material costs fell by 0.9%, whereas those for Civil Works recorded a 2.4% decrease.
The prices of raw materials consumed, by sector, that recorded the biggest increases in their annual prices (May 2015 on May 2014) included those in the following sectors: Metallurgy, with an increase of 1.1%; Metal Products, which rose by 0.4%; and Timber Industry and Electronic Material, which both rose by 0.3%. On the other hand, sectors that saw the biggest price reductions over the last twelve months in raw materials include the sectors of Oil Refining, with a decrease of 14.0%; Chemical Industry, which fell by 2.0%; and Non-Metallic Minerals, which was down by 1.9%.
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 (ICCE)
Data bank on the Construction costs index of the Basque Country (ICCE)